GA SB576

Creates a new "community housing provider" category for property tax purposes, defined as natural persons, nonprofits, charitable organizations, or S-corps/LLCs/partnerships owning 500 or fewer properties in Georgia

Reduces the property tax assessment rate for community housing providers to 40% of assessed value, compared to 100% for larger housing providers (those owning more than 500 properties)

Requires housing providers that are not community housing providers to provide income and expense data to tax assessors upon request for property valuation purposes

Authorizes tax assessors to require community housing providers to file a sworn affidavit by April 1 each year verifying their eligibility status

Amends Title 48, Chapter 5 of the Official Code of Georgia Annotated regarding ad valorem taxation of property