Floyd Fights Property Assessment Cap
Decatur Metro | November 19, 2008Our Mayor continues to fight the asinine 3% increase cap on property assessments proposed at the State Capitol.
This initiative was proposed earlier this year as a “solution” to local governments that were raising property assessments in place of the more obvious action of raising the tax rate. As I said back in March, this may be an issue in some GA towns and cities, but when the heck did the “conservative” party become the ones that applied blanket rules across the entire state?? What happened to faith in local governments?! If a community has a problem with indefensible increases in property assessments, go vote those city hall bums out of office!
But don’t create a 3% cap that rewards those communities that are just too damn lazy to be watchdogs of their government officials and hurts responsible communities like Decatur! When the city kept the millage rate at the same level this past year, no one claimed that they were doing us this great favor. The city straight up admitted that the increase in property values was the reason. Does that sound like a community hiding behind some shady “backdoor tax hikes”?
Unfortunately, regardless of all my ranting, it sounds like the mayors that protested this bill expect it to pass for residential properties. And that means one more area where the city’s hands tied when it tries to collect revenue to support all of our great city services, first and foremost the school system.
Pretty soon, annexation is going to be the only option left.
Short term, why is this an issue? Property values should be, and are, falling with the burst of the real estate bubble. Is the mayor planning to raise assessments on homes that are falling in value?
I also don’t understand the level of whining that Floyd seems to be doing about this. This is a 3% cap per year, no? That doesn’t mean the City can’t raise revenue; it only means the most it can increase is by 3% per year from assessments alone. It can still increase millage.
None of this gets to the idea of whether the across-the board legislation makes a whole lot of sense. It does seem arbitrary to cap the increases when it is possible for home values to increase by a much larger margin than 3%. But it doesn’t seem like that big a deal.