You know you want more property tax reform analysis. You know it, and I know it.

If you've been thinking, "Hey, how's all this homestead exemption stuff going to shift tax burdens in my community?" I think the Georgia Budget and Policy Institute can address that question for you.

They've put out a 3-page paper that you can download here.

HR 1 has implications for local government funding and education funding, as well as tax equity and fairness. In acting upon such legislation, it is important that policymakers consider the implications for new residents, first-time homebuyers, and property owners with stagnant or slowly inproperty values, as these are the Georgians who would have taxes shifted to them.

The reason for that shift is simple: Property value growth is capped as long as you own a property. So that's a benefit for long-time homeowners and people who own homes in areas that are growing quickly, and thus increasing in value.

It's also a disincentive to move. HR 1 is probably going to be discussed on the floor of the House of Representatives Friday.