Governor Brian Kemp Signs Tax Laws to Reduce Income and Cap Property Taxes in Georgia
Georgia Governor Brian Kemp has signed two significant tax measures into law aimed at reducing the state income tax rate and capping the growth of property taxes for homeowners. The new legislation, which was signed on May 11, 2026, includes a reduction in the state income tax rate from 5.19% to 4.99%, with plans for further gradual reductions contingent on state revenue growth. Additionally, the law increases income tax deductions over time and waives taxes on certain overtime pay and tips. The property tax measure aims to control the increase in property valuations, which affects tax calculations, by capping valuation increases at the rate of inflation. This move comes after initial discussions among lawmakers to eliminate both income and property taxes, which were scaled back to the current measures due to practical constraints. 
