Eliminating Property Taxes for Gwinnett Homeowners

Calls for Eliminating Property Taxes for the Gwinnett Homeowners by creating 100% Homestead Exemption, Replacing with Homestead Option Sales Tax.

Commissioner Lorraine Green Monday released a sweeping tax relief plan for homeowners that she called "decisive and crucial" for Gwinnett County's future. The proposal was released at a press conference held at the Historic Courthouse in Lawrenceville. Green's plan will create a 100% homestead exemption for homeowners, thus exempting homeowners from paying property taxes to fund county government. "My proposal is the most sweeping tax relief plan ever proposed in our county's history," said Lorraine Green. Green's plan would implement the Homestead Option Sale Tax for Gwinnett County, also known as "HOST". The plan must first be approved by voters.

The plan replaces property taxes with a 1% sales tax:

• A 1% sales tax would generate $157 million in 2008, based on the existing 1% SPLOST tax.
• Homeowners this year will contribute about $107 million in property taxes. Therefore, a 1% sales tax more than offsets the $107 million paid by homeowners, allowing the county to eliminate property taxes for homeowners.
• An additional $23 million could be used to rollback the Stormwater fee.
• The remaining $27 million, would be dedicated to reducing other County taxes and fees.

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