SB 576: Ad Valorem Taxation; assessment of tangible real property used for community housing provider properties; provide

Georgia law generally taxes property based on an assessed value equal to 40 percent of its fair market value. This bill adds special rules for owners of single-family homes who rent those homes out to someone else for a fee, a group the bill calls "housing providers." The bill splits housing providers into two groups. A "community housing provider," defined as an individual, nonprofit, charitable organization, or a smaller business entity that owns 500 or fewer rental properties in Georgia, would have its rental property assessed at 40 percent of the normal assessed value, effectively lowering its property tax bill. Other housing providers, generally larger corporate landlords, would be assessed at the full, standard assessed value. Non-community housing providers would also have to give tax assessors income and expense data on request. Tax assessors could require community housing providers to file a sworn affidavit each year, by April 1, proving they qualify for the lower assessment. The bill also bars assessors from considering certain federal or state tax credits when valuing rental property and from counting intangible business assets like trademarks in property valuations.

• Defines "housing provider" as an owner who rents out a single-family home to someone else for a fee without living there, and "community housing provider" as an individual, nonprofit, charity, or small entity owning 500 or fewer Georgia rental properties.
• Sets a lower 40 percent assessment rate on the standard assessed value for rental property owned by community housing providers, reducing their property tax burden compared to other landlords.
• Keeps the full, standard 100 percent assessment rate on the standard assessed value for rental property owned by larger, non-community housing providers.
• Requires non-community housing providers to give tax assessors income and expense data used in valuing the property, if the assessor asks for it.
• Lets tax assessors require community housing providers to file a sworn affidavit by April 1 each year proving they qualify for the discounted assessment.
• Bars tax assessors from considering certain state and federal tax credits, or intangible assets like trademarks, when calculating a property's fair market value.

Individual landlords, nonprofit and charitable housing organizations, small business entities (S-corps, LLCs, partnerships) that rent out single-family homes, larger corporate landlords owning more than 500 Georgia properties, county tax assessors, and tenants renting single-family homes.

Smaller landlords, nonprofits, and family owners renting out single-family homes would see their property tax assessments cut, while owners of large rental portfolios would not get that break. This could affect rental costs, local property tax revenue, and how county assessors evaluate rental housing going forward.

• Section 1 amends O.C.G.A. § 48-5-2 to define "community housing provider" as an individual, nonprofit, charity, or an S-corp, LLC, or partnership owning 500 or fewer Georgia properties.
• Section 1 also defines "housing provider" and "housing provider services" as renting a single-family home to someone else for a fee.
• Section 1 requires housing providers who are not community housing providers to supply income and expense data to the tax assessor upon request, for use in the income approach to valuation.
• Section 2 amends O.C.G.A. § 48-5-7 to set the assessment for community housing provider rental property at 40 percent of the value used for other tangible real property, lowering their effective tax base.
• Section 2 sets the assessment for other housing providers' rental property at 100 percent of the standard assessed value, meaning no special discount.
• Section 2 allows tax assessors to require a sworn affidavit, filed by April 1 each year, from community housing providers verifying their status or that the property is not used for rental housing.
• Section 3 repeals any conflicting laws.

1. 2026-03-04Senate Read Second Time (Senate)
2. 2026-03-03Senate Committee Favorably Reported By Substitute (Senate)
3. 2026-02-25Senate Read and Referred (Senate)
4. 2026-02-24Senate Hopper (Senate)

• Blake Tillery (R, SD-019)Primary sponsor

• property taxes
• rental housing
• landlords
• tax assessments
• housing policy