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Old 05-25-2018, 01:25 PM
fzx
 
361 posts, read 359,188 times
Reputation: 244

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I can live with an assessment reflecting the market value. However, what bothers me is why fulton not reducing the mileage to make it revenue neutral? The government functions as it is and additional money should not be squandered just because the value of the property increases.


Say a city needs 100 dollars. Next year, the property value increase by 50% so the city gets 150 dollars. Does that mean the city needs 150??
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Old 05-25-2018, 01:32 PM
 
7,687 posts, read 9,530,024 times
Reputation: 5657
I don't know, but I suspect the answer is that the county builds up a reserve with the funds. That way if there is another real estate bust in the future and values plummet, they don't have to spike millage rates to cover the overage. But this IS Fulton county, so the real answer is the increased revenue will just line pockets somewhere.
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Old 05-25-2018, 01:33 PM
 
Location: Kirkwood
22,147 posts, read 16,147,338 times
Reputation: 4894
With all this increased property tax collections, let's hope we can at least see improvements in service, APD retention, better funded parks, etc.
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Old 05-25-2018, 03:50 PM
 
Location: Atlanta, GA (Sandy Springs)
3,528 posts, read 2,302,170 times
Reputation: 2763
Quote:
Originally Posted by Atlwarrior View Post
You can’t automatically assume that;especially if more than one lien holder was place on a mortgage.
Of course I can't assume it. I said in my original statement that would only be the case for people that have their financial house in order. I'm perfectly aware that many people do not. I just don't have much sympathy for those people as that's usually their own fault.
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Old 05-26-2018, 09:22 PM
 
122 posts, read 61,528 times
Reputation: 235
Can somebody explain to me why taxes are so high in Atlanta, yet the roads and side walks in most intown neighborhoods look really bad.
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Old 05-27-2018, 10:45 PM
 
Location: Lake Spivey, Georgia
1,841 posts, read 1,253,607 times
Reputation: 1958
$500,000 - $700,000 would put you into the top housing bracket for most of the suburban counties (just not some Intown communities or parts of North Fulton) Not sure if you would save that much in taxes, but a $9,000 or $10,000 tax bill would surely be a slap in the wallet of most families, even those with upper middle class paychecks (as would presumably be most of the residents of Grant Park, Morningside, Virginia Highland, etc. where people have good paying jobs, but still have to "work" for a living and ARE NOT among the "idle rich")
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Old 05-29-2018, 09:32 AM
JPD
 
11,849 posts, read 14,462,248 times
Reputation: 7536
Quote:
Originally Posted by kgpremed13 View Post
Can somebody explain to me why taxes are so high in Atlanta, yet the roads and side walks in most intown neighborhoods look really bad.
Sidewalk maintenance is the responsibility of the homeowner. Not a tax issue. Should be, but isnít.
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Old 05-29-2018, 09:47 AM
VJP
 
Location: Decatur, GA
637 posts, read 1,398,792 times
Reputation: 461
Quote:
Originally Posted by ronricks View Post
Asian and South Asian makes schools improve even more than whites. Is it also racist?
Nah, it's just the truth.

Source: Am a child of Indian parents. A's aren't good enough if A+ is available.
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Old 05-29-2018, 09:49 AM
VJP
 
Location: Decatur, GA
637 posts, read 1,398,792 times
Reputation: 461
Quote:
Originally Posted by Atlwarrior View Post
Yikes! West End my property accessed for 47,200.00 and jumped up to 249,700.00. I don't mind, this is pathway for better schools. I wonder how the county is going to implement the tax increase into my mortgage.
The county/city aren't going to do anything. They will send the bill to your mortgage servicer and they will pay it. They will then increase your monthly payment by the increased amount divided by 12 + a little extra for cushion.
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Old 05-29-2018, 11:57 AM
 
Location: Atlanta GA
18 posts, read 11,052 times
Reputation: 62
My Atlantic Station condo assessment increased by 15% and the “Current Year Fair Market Value” reflects pretty close to what similar condos are selling for in my building. Nothing really to complain about. The new assessment seems fair.
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