Fulton tax hike, rising values a double whammy for homeowners | www.myajc.com

Thousands of Fulton County property owners face a double whammy of rising property values and a steep tax rate hike. The result could be sticker shock when they get their tax bills later this summer.

According to the Fulton tax assessor’s office, the total value of taxable real estate countywide rose just 1.3 percent percent this year. But individual values vary widely, with some rising much more and others still declining. For those whose property values rose, the proposed tax increase would mean substantial tax hikes.

And county officials are feeling the heat from taxpayers. They’re scrambling to find spending cuts that could offset at least some of the proposed tax increase before they make a final decision on the tax rate July 16.

“I’m going to work hard to bring that [tax rate] number down,” said commission Chairman John Eaves. “I certainly want to be sensitive to all the concerns I’ve heard.”

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