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Saving lower income families in Atlanta/Fulton
$36.2 million
Impact of ANDP's Property Tax study, Homestead
Exemption
In
an effort to keep Atlantans in their homes, ANDP
has been engaged in two critically important
policy issues in the last two years. In 2008, we
led a successful effort to increase Homestead
Exemption rates in the City of Atlanta and
Fulton County - working with key state
legislators and many others. Voters
overwhelmingly approved the measure that doubled
the existing rate over a three year period. In
late 2008, ANDP commissioned RCLCO - a national
real estate advisory firm - to conduct a series
of studies to examine the disconnect between
fair market values and property tax assessments
in high foreclosure neighborhoods. What is the
impact of ANDP's work in these areas?
According to an analysis by RCLCO, ANDP's tax
policy efforts thus far will save lower-income
families (at 80 percent or below of area median
income) in the City of Atlanta/Fulton County a
minimum of $36.2 million for an average annual
savings of $1,013 per household by 2011.
READ
THE FULL REPORT
Previous
Reports from the Mixed Income Communities
Initiative
Making the Case
for Housing Choices & Complete Communities: The Next Generation
(2007)
Exec Summary (1.05 MB)
Making the Case
for Mixed Income & Mixed Use Communities (2004)
Exec. Summary (2.3MB),
Full Report (5.9MB)
The Long Road Home:
Making the Case for Housing Opportunity:
A
2005 video
created to document Atlanta's challenge finding
affordable housing near job centers. |
