Last year I wrote about Senate Bill 55 in the Georgia Senate. Basically, the bill required the Counties to include foreclosures in assessments. Previously, assessments for taxes excluded foreclosures, so they (falsly?) increased values and tax revenue to the counties.
While that makes it tough for the counties, it is a needed break for home owners. The counties complained that they would lose revenues… well, the people are losing revenue, too. They have to suck it up.
In the last year, the bill quietly passed and was signed into law by Governor Sonny Perdue.
Here is the link to the original post.
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