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About those taxes...
Of those taxes the state will receive $93,794, the county $3,374,799, schools $4,955,399 and the City of Blakely $234,787. "Most of the taxpayers have really been upset when they come in to pay their taxes," state Tax Commisioner Sylvia Hood. "Some of them are having a hard time paying their taxes." Hood stated that she is working with taxpayers who need to stretch out their tax payment. "I can take a little each week or month until they get it paid." Ad valorem taxes are due Dec. 20. Some taxpayers are asking "How are they spending all that money?" Especially taxpayers who saw their taxes increase 300 to 400 percent due to the property revaluation earlier this year. Their dilemma is caused by revaluations which were based to a large extent on comparative property sales which saw land prices soar to historical highs mostly by an influx of monies from Florida investors looking for a place to put their profits from historically high real estate prices in Florida. According to Tax Assessor Wynn Bush recent home sales of record have been fairly consistent with home values after the revaluation. However, before the revaluation was completed, the $3,000(+) per acre land transactions quickly became scarce when the real estate bubble in Florida burst, causing real estate values and sales across that state to plunge. The spike in some property owners' tax bills was also magnified by a substantial increase in exemptions in the digest - from just under $46 million to almost $88 million this year. Most of the additional exemptions came in the form of Preferential Farm Assessments and Conservation Use Assessments, both sparked primarily due to property revaluations. Next week... a discussion with school officials about the 20 percent increase in property taxes needed to fund our schools.
Coming... A look at House Speaker Glenn Richardson's GREAT plan to eliminate all property taxes in Georgia. With current tax bills in hand, sounds like a good idea, but...
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