Will Parker
speaker
780 appearances
18 recordings
1 series
first heard May 2019
last heard Nov 2024
Will Parker’s voice in public audio — every appearance, attributed to the second.
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Appearances
And so he's appealing that, which is an avenue that homeowners have when they get a tax bill.
Then he's talking about the same things other people are, that homeowners have seen the rise in insurance and utilities and these other costs, and a 25% jump in property taxes they just can't abide by.
You have the potential over time for certainly the bill in Georgia for local governments, school districts to collect less tax revenue than they would otherwise.
And this is one of the reasons that some analysts of tax policy don't like bills like this.
There's a couple of things going on here.
One is
Those current homeowners, they pay this lower property tax, but a new homeowner who goes out and buys a house, they don't benefit from that.
When a house sells, it goes up to what its real market value is, and the taxes go up to that.
So it creates this inequality between current homeowners and those trying to get into the market.
That's very possible.
We're still seeing people get these much higher tax bills.
Every local government does it differently.
Many don't reassess every year.
They do it over a long period of time.
So there are people who are just today getting a tax bill that includes this huge run-up in the value of their home that happened a couple of years ago.
And they're seeing a 20% increase or whatever, and they're losing their mind a little bit.
And so I think you'll definitely see more pressure on lawmakers from homeowners to slow the pace of these increases.
And
Naturally, that will happen anyway because the home market is not what it was a few years ago.
Home prices are rising much more slowly.
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