Madison County’s overall property value is expected to dip nine to 10 percent this year. That means local governments can expect less revenue off local property taxes — unless they raise tax rates to offset the drop.
Madison County chief appraiser Robin Baker said House Bill 346, which was passed in 2010, has greatly affected local values. That law mandates that the sale price determines the value of a property for the first year after a sale.
“(HB) 346 is making us put the sales value on it for the first year,” said Baker. “So we’ve lost a lot of value there, because of the foreclosures. A home we may have had $150,000 on was foreclosed and it sold out of foreclosure for $70,000. Well, we have to carry the $70,000 for the first year. And that goes for commercial, residential, vacant land, everything.”
While the overall property values in the county are going down, individual property owners may not see a drop.
“That doesn’t mean that every property owner’s value in the county is dropping by nine or 10 percent,” said Baker. “That’s a misconception that most people are going to have when they hear that the digest is down.”
County commission chairman Anthony Dove announced the digest dip April 21 during the BOC’s discussion of proposed timeclocks for county departments. Dove gave an overview of county finances at the start of that meeting.
Dove noted that the county budget was $15 million in 2008 and was reduced to $13.69 million in 2010, before being raised to $14 million this year.
The chairman said there were a variety of reasons the budget went up in 2011, including rising health care costs, but he noted that no tax hike was needed to cover that budget increase, since the county had made significant cuts the previous two years and had considerable funds in reserves. Dove pointed out that the county’s fund balance never dipped below $5 million in 2010 and that the BOC has no debt.
“Debt strangles a government during tough economic times,” said Dove.
The chairman said Madison County is in good fiscal shape, while many other governments aren’t right now. He praised county employees and department heads for making cuts.
“We came to you and asked you to cut back and, by George, you did it,” said Dove.
The chairman said the county must find a new facility in 2011 for its Fine Finish program, which provides day-time services to mentally and physically challenged adults. He said the further cuts will be needed this year due to the decreased digest. Meanwhile, the county will need to spend money on Fine Finish.
“We’ve come a long way, but there’s still a long way to go,” said Dove.
County commissioner Jim Escoe questioned whether the $5 million in surplus funds was all from county cutbacks.
“How much of the $5 million was back taxes collected?” asked Escoe.
The district 5 commissioner said that collecting back taxes, better EMS collections and people being taxed too much all contributed to the high reserves.
“Y’all have done a good job (of cutting back), but all that didn’t come from cutting,” said Escoe. “It comes from overtaxing too.”
His dictator-like stance against allowing a vote on Sunday Sales may come back to haunt him in the next election cycle.
For no more money than these guys make (pennies) for their service,it seems to me they would be more interested in doing the right thing instead of pandering for votes. Must not be the paycheck that motivates them,rather the kickbacks and under the table favors that the rest of us don't know about.
I kinda hope that's the case,otherwise it's hard to justify their comments and decisions.
I have a new-found respect for both Escoe and Thomas,and yes, Escoe is in my district.
Why talk like this?
I'm just tired of reading the same thing over and over about the tax break. If you know it's being done, do something about it and turn them in. Someone did a couple weeks ago and Fox 5's I-Team went out and asked the property owner how he justified calling his fancy estate a farm to get the tax break. He even sat down with that county's tax assessor. I'm not sure if anything was accomplished, but at least someone stopped whining for a few minutes and did something about it by making a few phone calls.
Farm subsidies are a whole different ballgame. We dropped all our contact with the local FSA office years ago, and don't accept any of the money floating around. You would be very surprised to find out who does here in Madison County, and how much they're getting Maybe it will even give you something new to whine about.
http://farm.ewg.org/region.php?fips=13000
Just scroll down and pick a Georgia county. Interesting reading.
I have seen where someone posted the parcels that got the so call conservation tax. Someone like EJ needs to go by and bet he finds out some just do not fit this tax break. Like when tax commissioner suggested naming tax deliquent parcels would not work. Pressure finally made her do that and we collected lots of back funds from people that could pay.