MillageRate.com

Commissioners reject a budget proposal by the county CEO that included a substantial tax increase:

A county budget committee passed the proposal Thursday. It includes an almost a 9% spending reduction for most county departments. Commissioners also called for a close to 4.5% reduction for public safety. Commissioner Elaine Boyer says commissioners on committee rejected the CEO’s plan because a millage rate increase is unreasonable in the current economy.

WABE: Dekalb Commissioners Propose Alternate Budget Plan (2011-02-18)

[The following was sent to the author of the Atlanta Journal-Constitution article here.]

What DeKalb did appears to be exactly CORRECT…. at least, if your interest is in fairly valuing property.

The consideration of foreclosures and other distressed sales does not produce a true market value; it does not contribute to equity and fairness in property taxation.

SB-55 not withstanding, DeKalb did the right thing when it considered available Fair Market Value sales over, or instead of, distressed sales in its valuation of property.

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