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Property tax reappraisals

By Mike Cross
Posted Tuesday, January 25, 2005

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We all have the same concerns about the upcoming property tax reappraisal. Chatham county is required by the state government to to reappraise real property at intervals no longer than eight years. Our county has opted for every four years for two reasons:

1. Each year between appraisals, we lose revenue necessary to provide the services we all require

2. We are growing rapidly in some areas and the "shock factor"of an eight year appraisal will be much more extreme and certainly not less.

This appraisal was based on over 8,000 actual arms-length real property sales within the 13 tax districts. All of our districts are growing, some much faster than others. The dollar amount that investors, developers, builders, and buyer are willing to pay to develop the area within which buyers choose to live is the dominant factor driving our taxes up. This is not growth we recruited!

Our current tax rate is 64.64 cents per $100. Revenue generated by this appraisal would back the tax rate off to approximately 55 cents based on '04-'05 expenditures. The exact amount is still being calculated.

We have not reached the point in our budget planning process where we must add what is determined to be required and/or necessary to provide proper services.

The 55 cents will increase as these items are added. Yes it's painful but I assure you no one on our BOC or staff wants to raise our own taxes!

We do have an established appeals board and if you disagree when your actual tax value is figured, by all means I encourage you to appeal.

There are a number of efforts underway to regain or obtain state revenues for mandated programs, capital improvements, and to establish new select/guided methods of generating revenue to offset some of our expenses.

I have hope that at least some of these efforts will be successful. Our General Assembly goes into session on January 26th. Time will tell!

Related info:
Mike Cross' Weblog
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Property tax reappraisals
Chatham County Commisioner Mike Cross shares his viewpoints with citizens on his weblog.

Related info:
Mike Cross' Weblog