The AJC reports that of the 10 cities in DeKalb County, only Decatur, Avondale and Chamblee saw a cumulative increase in property assessments thanks to new construction.
Without new construction, all three cities would have seen a decline, according to the article.
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Not property taxes, property assessments.
Technically,
it’s increase in property values, which increase
assessments, which could eventually result in
collecting more taxes.
Even more technically, it’s actually increase property
appraisals by the county (which may or may not be
related to property values) depending on your point of
view…..
Mo’ money mo’ problems
No’ money mo’ problems
No’ money d’oh! problems…
Right.