Taxes
Property Tax Exemptions Shift Burden to Neighbors2/19/10 Some Arizona cities that recruit major shopping malls and high-rise buildings have used a special tax incentive that waives most of the development's property taxes, often for 50 years or longer. A Goldwater Institute investigative report found development projects valued at more than $2 billion pay only a small fraction of what they otherwise would in property taxes. As a result, local governments raise property tax rates for nearby businesses and homes that don't qualify for this special tax break... More |
Heath Proposes to Eliminate State Ad Valorem Tax3/18/10 Georgia citizens continue to contact their legislators asking about tax relief, particularly property owners. Recently the Georgia Senate passed property tax assessment and appeal reform, but State Sen. Bill Heath (R-Bremen) has gone one step further. Heath has proposed to eliminate Georgia's state ad valorem tax. His bill, Senate Resolution 1287, would remove the state quarter mil ad valorem tax on each dollar of assessed property values. The prohibition of the tax begins once state reserve funds reach $500 million... More |
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