Blogging Across Atlanta Real Estate News

Property Tax Relief in Sight for City of Atlanta!

May 9th, 2018 5:08 PM by Deborah Blue & Marcus Robinson

Atlanta property tax relief is in sight!  Yesterday, Governor Nathan Deal hosted a ceremony at which he signed HB 820 - capping your City of Atlanta property taxes to an increase of no more than 2.6 percent per year, with the starting assessment rolled back to the lowest of the years 2016, 2017 and 2018.   One final step is required:  the bill must be approved by a majority of voters at a referendum in November, to take effect in 2019.
         It will benefit homeowners in every Atlanta neighborhood, each of which had their property tax assessments increased by more than 50% from 2016 to the initial 2017 assessment.  HB 820 will lock in assessments for City of Atlanta taxes (but not APS taxes) at the 2016 amount, increasing a maximum of 2.6% a year thereafter.   Atlantans must have stable, predictable property taxes in order for our city to be able to grow and prosper.
Posted in:Real Estate Taxes Atlanta and tagged: Atlanta
Posted by Deborah Blue & Marcus Robinson on May 9th, 2018 5:08 PM


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