Fulton County Assessments Out Today (Atlanta: mortgage, refinance, homes)

[ATLTJL]

I've never heard of millage rates actually coming down.

[AnsleyPark]

Originally Posted by ATLTJL

I've never heard of millage rates actually coming down.

Or any other tax, for that matter. Certainly not significantly.

[cqholt]

Originally Posted by ATLTJL

I've never heard of millage rates actually coming down.

Originally Posted by AnsleyPark

Or any other tax, for that matter. Certainly not significantly.

From 2017:

The city says it expects to roll back the millage rate by 0.01 mills

https://www.ajc.com/news/local-govt-...msXTrZJ9BKmTN/

[Radical_Thinker]

I have friends who have houses in East Atlanta / Grant Park area who have owned for many years, and now they're getting HUGE increases in assessments. The tax is going up by $1000's with some of these people. How is this remotely fair? This is why Georgia desperately needs a Save Our Homes amendment to the state constitution - this is what saved my butt during the crazy bubble days of the early 2000's.

Anyone on here support such an initiative?

[AnsleyPark]

Originally Posted by cqholt

From 2017:

https://www.ajc.com/news/local-govt-...msXTrZJ9BKmTN/

The exact quote:

The city says it expects to roll back the millage rate by 0.01 mills, but those living in areas where real estate assessments are climbing — Midtown, Buckhead, Old Fourth Ward, for instance — could see a property tax increase.

[Forhall]

Originally Posted by Radical_Thinker

I have friends who have houses in East Atlanta / Grant Park area who have owned for many years, and now they're getting HUGE increases in assessments. The tax is going up by $1000's with some of these people. How is this remotely fair? This is why Georgia desperately needs a Save Our Homes amendment to the state constitution - this is what saved my butt during the crazy bubble days of the early 2000's.

Anyone on here support such an initiative?

How is it not fair? The taxes went up $1000s because up until now they've been getting a huge discount. The assessments were much lower than your friends actually paid and what the house is worth. Now the assessment reflects the real value, they should expect to pay their full taxes just like everyone else. If they think the assessment is too high they can appeal, but if they're just angry they aren't getting a massive discount anymore and have to pay the fair share, I don't see the problem.

[atltechdude]

Originally Posted by Radical_Thinker

I have friends who have houses in East Atlanta / Grant Park area who have owned for many years, and now they're getting HUGE increases in assessments. The tax is going up by $1000's with some of these people. How is this remotely fair? This is why Georgia desperately needs a Save Our Homes amendment to the state constitution - this is what saved my butt during the crazy bubble days of the early 2000's.

Anyone on here support such an initiative?

If the assessments reflect fair market value than it is more than fair, since the huge increase in home value means that person's net worth has seen a substantial increase because of the much more valuable asset they now own.

[Atlwarrior]

West End residents and its completely fair and the path to better schools ITP.

[Otakumaster]

While this may be fair it will definitely speed up pushing lower income people out of their homes. I imagine rent prices jumping too.

[Atlwarrior]

Originally Posted by Otakumaster

While this may be fair it will definitely speed up pushing lower income people out of their homes. I imagine rent prices jumping too.

Yes it will and latter is already occurring.