Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State or Territory: | Georgia |
| Effected Jurisdiction: | Fulton County |
Jurisdiction type: | County |
| Fiscal year ending In: | 2022 |
| Program name: | State of Georgia Preferential Property Tax Assessment Program for Rehabilitated Historic Property |
| Program purpose: | Historic Preservation |
| Statutory authority: | State of Georgia statutes O.C.G.A. 48-5-7(c) and O.C.G.A 48-8-7.2 |
| Abating jurisdiction(s): | Fulton County, Georgia |
| Applicable taxes: | Property Tax |
| Method of abatement: | Reduction in assessed value |
| Provisions for recapture: | A property owner who fails to have property classified as rehabilitated historic property and listed on the Georgia Register of Historic Places for the preferential assessment shall be required to pay the difference between the amount of taxes on the property during the period that the assessment was frozen and the amount of taxes which would have been due had the property been assessed at the regular fair market value, plus interest on the past due taxes. |
| Gross revenue loss: | $1,060,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $1,060,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.fultoncountyga.gov/-/media/Departments/Finance/ACFR-or-CAFR/... |
