County would face $1M shortfall -, Albany News, Weather, Sports

County would face $1M shortfall

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By Karen Cohilas - bio | email

ALBANY, GA (WALB) - A proposal to double the homestead exemption for property owners would cut about a million dollars from the tax base in Dougherty County.

That's money the city, county, and school board would be forced to slash from their budgets--   or make up for with higher taxes.

State lawmakers passed a bill that would increase amount of your home's value that's exempt from taxes from two thousand to four thousand dollars.

"It would definitely be some revenue loss for our local governments. It would probably run about a Million dollars minimum," said Tax Director Denver Hooten.

County Chairman Jeff Sinyard said, "I think when you have the state tax base and a community tax base, it's best that those folks in those communities get to decide best how their tax dollars are spent."

Another bill would protect the homeowners tax relief grant for property owners this year but may discontinue the grant in the future.