Post by manape on Sept 29, 2008 23:35:11 GMT -4
From the Cook speech:
The housing bubble burst is bad all over North Georgia and Western North Carolina. Come on. You are telling me Paris is responsible for what I had to pay for my property. There is no way Paris can regulate the market. Also, there is no way Cook can deflate the property values. A mere Commishioner of little Union County doesn't have that much power.
All I want to know is if Cook is going to reassess property and leave the mill rate low. If he does that without any reguard to the budget, what is he going to cut to get enought tax revenue. You got to balance the budget from somewhere. It isn't magic and money doesn't grow on trees. Get real!
According to the GA Department of Revenue, under O.C.G.A. 48-5-6, all property is to be returned and assessed at fair market value every year. So, Cook quit beating around the bush and tell us what you are going to do. I for one am tired of the blame game. WHAT IS THE PLAN, Man?
6. How often can a county reassess property?
Under Georgia law, all property is to be returned and assessed at fair market value every year (O.C.G.A. 48-5-6). Counties are required to establish a value as of January 1 of each year that meets the definition of fair market value' pursuant to O.C.G.A. 48-5-2. There is not a state mandated revaluation schedule, rather the counties annually review the values on the digest compared to sales data and if property values are determined to be either too low or too high then values are updated. The frequency of property updates can vary from county to county since some counties are experiencing tremendous growth and the real estate market in other counties is more static.
As I understand, the last assessment wasn't updated for years including the Cook era. Alone comes the state and demands a reassessment and throws a heafty $40,000 fine. Is that the truth? It seems like the Republicans leave that half of the truth out of the so called truth.
In other words the over inflation of our property values to boost tax revenues. While Paris claims to keep the mill rate low, has caused the housing bubble burst to be a lot worse in Union County, than in other small counties in Georgia.
The housing bubble burst is bad all over North Georgia and Western North Carolina. Come on. You are telling me Paris is responsible for what I had to pay for my property. There is no way Paris can regulate the market. Also, there is no way Cook can deflate the property values. A mere Commishioner of little Union County doesn't have that much power.
All I want to know is if Cook is going to reassess property and leave the mill rate low. If he does that without any reguard to the budget, what is he going to cut to get enought tax revenue. You got to balance the budget from somewhere. It isn't magic and money doesn't grow on trees. Get real!
According to the GA Department of Revenue, under O.C.G.A. 48-5-6, all property is to be returned and assessed at fair market value every year. So, Cook quit beating around the bush and tell us what you are going to do. I for one am tired of the blame game. WHAT IS THE PLAN, Man?
6. How often can a county reassess property?
Under Georgia law, all property is to be returned and assessed at fair market value every year (O.C.G.A. 48-5-6). Counties are required to establish a value as of January 1 of each year that meets the definition of fair market value' pursuant to O.C.G.A. 48-5-2. There is not a state mandated revaluation schedule, rather the counties annually review the values on the digest compared to sales data and if property values are determined to be either too low or too high then values are updated. The frequency of property updates can vary from county to county since some counties are experiencing tremendous growth and the real estate market in other counties is more static.
As I understand, the last assessment wasn't updated for years including the Cook era. Alone comes the state and demands a reassessment and throws a heafty $40,000 fine. Is that the truth? It seems like the Republicans leave that half of the truth out of the so called truth.
