5:48 am July 13, 2011, by Henry Unger
DeKalb is raising property taxes 26 percent as part of its 2011 budget, AJC writer April Hunt reports.
Tuesday’s 4-3 county commission vote means a 4.35 millage increase for the 2011 budget — and also money into savings to help the county improve its credit rating, Hunt writes. The move will generate about $50 million more in revenue, $5 million of it into reserves.
The tax hike adds $93 a year to the tax bill on the average home, which dropped in value since last year, Hunt reports.
But tax bills increase far more where home values have remained the same, with a $420 increase, for instance, on a home that remained at $300,000, Hunt writes.
Even commission supporters of the tax hike criticized the management of Chief Executive Burrell Ellis, who proposed the tax hike in May saying that falling housing prices would create a $37 million shortfall in the $529 million budget, Hunt writes.
Also in the AJC:
In other media:
- Henry Unger, The Biz Beat
For instant updates, follow me on Twitter.
Get inside Atlanta's and national business news and how it affects you.
Vacation stops, manage subscriptions and more