Ad Valorem Tax; provide the assessed value of property shall not be increased beyond the initial assessment value

A BILL to be entitled an Act to amend Code Section 48-5-311 of the Official Code of Georgia Annotated, relating to creation of county boards of equalization, duties, review of assessments, and appeals, so as to provide that the assessed value of property for a taxable year shall not be increased beyond the initial assessment value established by the board of tax assessors during an appeal of such valuation for such taxable year by the taxpayer but may be reduced as a result of the appeal of the taxpayer; to provide for related matters; to repeal conflicting laws; and for other purposes.