31 January 2013

House Speaker Pro Tempore Proposes Freezing Fulton County Taxes & Increasing Homestead Exemption

Fulton County residents could see more savings on their property tax bills if legislation proposed by House Speaker Pro Tempore Jan Jones (R - Milton) passes the legislature.

Representative Jones announced Wednesday she would introduce a bill to A.) lower property taxes for Fulton County homeowners by increasing the homestead exemption from $30,000 to $60,000; and B.) freeze, for two years, the property tax rate at the current 10.281 mills; and C.) Require a super-majority of the county commission to raise the millage rate after the expiration of the two year tax freeze.

"Fulton County taxes and spends substantially more per resident than other metro counties, and the numbers bear it out," said Jones. "In both the 2011 and 2012 county budgets, Fulton County’s per capita expenditures were more than double those of Gwinnett County and 40 percent higher than those of Cobb County.

"After this legislation takes effect, the owners of a $500,000 home will pay $1,439 in property taxes, instead of the $1,748 they currently pay," added Jones. "The owners of a $250,000 home will pay $411, as opposed to the $720 they pay now. And the owners of a $150,000 home will be exempt from any property tax liability."