Tuesday, August 12, 2014

Lake Lanier homeowners seek property tax cap

Hall County property owners are asking state legislators to place a cap on the amount that property assessments can increase per year. If they drum up enough support, their proposal could change how assessments are handled statewide.  Access North Georgia reports:

Hall Co. group pushes for law to cap property taxes

GAINESVILLE - Owners of lake property in Hall County say they will not give up when it comes to placing a limit on how much they are charged each year for property taxes.

A group called "Georgia Tax Cap" has been gathering signatures on a online petition to present to lawmakers with the goal of having a new state law that would limit the amount property taxes could increase in a given year.

Group spokeswoman Berly West Baker said the effort was prompted by Hall County's reassessment of lake properties this year.

On average, property owners in the county saw an increase of about 39% in assessed value, but Baker said the bulk of those who faced increases were lake property owners. Plus, she contends most of the increases were much higher than the average - some as much as 300% higher…

But apparently, responses from North Georgia legislators are mixed. Caps have been controversial ever since California’s Proposition 13 which limited assessment increases to 2 percent annually. Lake property owners might have more luck contacting members of a state study committee created during the 2014 legislative session to evaluate property taxes and education funding, or by proposing a separate property tax cap study committee in 2015.

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