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Old 05-13-2015, 06:42 PM
 
Location: ATL -> HOU
4,129 posts, read 3,224,290 times
Reputation: 3149

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Quote:
Originally Posted by cqholt View Post
Funding education is everyone's responsibility. It is the single largest contribution to property values, so if elderly people want to be able to sell their house for a good price and make money, then they should want to fund education to make it better for all.
The way I look at it is that I never paid for my K-12 education. It was all other people's money and a little of that was my parents'. Now it's my turn to pay for someone else. I may never see that investment materialize. A lot of people who paid for my education are dead now and one day I will be too. Paying for education is the ultimate pay it forward.
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Old 05-13-2015, 08:06 PM
 
Location: Downtown Marietta
1,062 posts, read 689,625 times
Reputation: 1334
Quote:
Originally Posted by sedimenjerry View Post
The way I look at it is that I never paid for my K-12 education. It was all other people's money and a little of that was my parents'. Now it's my turn to pay for someone else. I may never see that investment materialize. A lot of people who paid for my education are dead now and one day I will be too. Paying for education is the ultimate pay it forward.
1000x this. Thank you!

The over 65 tax exemption is one of the few things I don't like about living in Cobb. It really needs to go. Perhaps I will run for County commission (and would probably get trounced if that were a plank in my platform)...
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Old 05-13-2015, 08:25 PM
 
Location: ATL -> HOU
4,129 posts, read 3,224,290 times
Reputation: 3149
Quote:
Originally Posted by evannole View Post
1000x this. Thank you!

The over 65 tax exemption is one of the few things I don't like about living in Cobb. It really needs to go. Perhaps I will run for County commission (and would probably get trounced if that were a plank in my platform)...
I think Gwinnett has it as well. I get if it's financially more difficult for retirees but the "my kids are no longer in school" reason doesn't work for me. There are LOTS of childless adults who are still paying for other people's kids.
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Old 05-13-2015, 08:28 PM
 
Location: Downtown Marietta
1,062 posts, read 689,625 times
Reputation: 1334
Quote:
Originally Posted by sedimenjerry View Post
I think Gwinnett has it as well. I get if it's financially more difficult for retirees but the "my kids are no longer in school" reason doesn't work for me. There are LOTS of childless adults who are still paying for other people's kids.
Yup. Me among them. And I am happy to do so.
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Old 05-13-2015, 08:55 PM
 
28,118 posts, read 24,652,789 times
Reputation: 9533
Quote:
Originally Posted by sedimenjerry View Post
I think Gwinnett has it as well. I get if it's financially more difficult for retirees but the "my kids are no longer in school" reason doesn't work for me. There are LOTS of childless adults who are still paying for other people's kids.
Fulton (and Atlanta) have various senior exemptions as well.

Fulton County Assessors Office
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Old 05-13-2015, 09:02 PM
 
478 posts, read 583,808 times
Reputation: 768
Quote:
Originally Posted by sedimenjerry View Post
I think Gwinnett has it as well. I get if it's financially more difficult for retirees but the "my kids are no longer in school" reason doesn't work for me. There are LOTS of childless adults who are still paying for other people's kids.
Actually, the logic behind the property tax cap was instituted not because those over 65 don't have school age kids, it was because most seniors are on fixed incomes and were finding it extremely difficult to pay ever increasing property taxes because their home values had increased. The best example would be a retired couple in Smyrna who purchased a home in the 1960's or 70's in the Forest Hills neighborhood in Smyrna. They paid $25K for it and now it is being accessed in the high 200's. If will be a real challenge for them to pay the increased property taxes without the Homestead exemption. In the 1990's the City of Smyrna also allowed home owners to have their assessed value capped and now those owners who applied for the cap are paying taxes based on the assessed value in the late 1990's.

Bottom line, the tax break given to seniors is a way to help retired folks remain in the home they purchased years ago. This way they won't be forced to move when they don't have the income to pay higher taxes and don't want to leave their neighborhood. State Senator Ginger Collins introduced the bill which allowed Smyrna residents this option.
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Old 05-13-2015, 09:18 PM
 
Location: Downtown Marietta
1,062 posts, read 689,625 times
Reputation: 1334
Quote:
Originally Posted by David1502 View Post
Actually, the logic behind the property tax cap was instituted not because those over 65 don't have school age kids, it was because most seniors are on fixed incomes and were finding it extremely difficult to pay ever increasing property taxes because their home values had increased. The best example would be a retired couple in Smyrna who purchased a home in the 1960's or 70's in the Forest Hills neighborhood in Smyrna. They paid $25K for it and now it is being accessed in the high 200's. If will be a real challenge for them to pay the increased property taxes without the Homestead exemption. In the 1990's the City of Smyrna also allowed home owners to have their assessed value capped and now those owners who applied for the cap are paying taxes based on the assessed value in the late 1990's.

Bottom line, the tax break given to seniors is a way to help retired folks remain in the home they purchased years ago. This way they won't be forced to move when they don't have the income to pay higher taxes and don't want to leave their neighborhood. State Senator Ginger Collins introduced the bill which allowed Smyrna residents this option.
I understand this logic, but I think the program is probably abused, and legally so, by many. There's no income cap on it. There's no cap on the value of the house that is exempted. From what I understand, whether the house is worth $60k or $6M, it is exempt from school taxes. That's very troubling, and it certainly doesn't benefit those that it was ostensibly created to help as much as it does people who very much do not need the assistance. Meanwhile, there are plenty of other people on fixed or limited incomes who do not get such a benefit. Finally, the increased property values the homeowners have experienced - and will one day reap, when they sell - is due, in large part, to the good reputation of the schools, which has made their area a desirable place to live, and will continue to do so. I think they should continue to pay for that as well,.-: their property is certainly going to continue to appreciate.

Freezing property tax levels on seniors' properties at the level they're at at age 62, or introducing an income cap to qualify for the exemption, or assuring that the assessed values can go up by only so much per year, would be a more equitable solution.
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Old 05-13-2015, 10:38 PM
 
Location: Georgia
4,945 posts, read 3,992,436 times
Reputation: 2735
Quote:
Originally Posted by cqholt View Post
Funding education is everyone's responsibility. It is the single largest contribution to property values, so if elderly people want to be able to sell their house for a good price and make money, then they should want to fund education to make it better for all.
Without question.

Quote:
Originally Posted by sedimenjerry View Post
The way I look at it is that I never paid for my K-12 education. It was all other people's money and a little of that was my parents'. Now it's my turn to pay for someone else. I may never see that investment materialize. A lot of people who paid for my education are dead now and one day I will be too. Paying for education is the ultimate pay it forward.
^^^^^
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Old 05-13-2015, 11:01 PM
 
6,612 posts, read 6,539,681 times
Reputation: 4045
Quote:
Originally Posted by sedimenjerry View Post
The way I look at it is that I never paid for my K-12 education. It was all other people's money and a little of that was my parents'. Now it's my turn to pay for someone else. I may never see that investment materialize. A lot of people who paid for my education are dead now and one day I will be too. Paying for education is the ultimate pay it forward.
Everyone benefits from a more educated society. Imagine if education was just for those who could afford it...
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Old 05-14-2015, 07:44 AM
 
Location: Georgia
4,945 posts, read 3,992,436 times
Reputation: 2735
Quote:
Originally Posted by JoeTarheel View Post
Everyone benefits from a more educated society. Imagine if education was just for those who could afford it...
That's basically where we are now.
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