Title:
Developing a Charitable and Targeted Property Tax Relief Fund: An Anti-Displacement Initiative for Atlantaメs Westside Neighborhoods

dc.contributor.author Bedsole, Matthew
dc.contributor.corporatename Georgia Institute of Technology. School of City and Regional Planning
dc.contributor.corporatename Georgia Institute of Technology. School of City and Regional Planning
dc.date.accessioned 2017-08-17T18:27:52Z
dc.date.available 2017-08-17T18:27:52Z
dc.date.issued 2017-05
dc.description.abstract For seniors in Atlanta who partake in the senior homestead exemption program, the property taxes increase significantly as soon as their properties are appraised at more than $100,000 (Fulton County Tax Assessor, 2017). Non-seniors will see a surge in their property taxes when their homes are appraised at more than $75,000. Major property taxes and their yearly increases begin taking effect at this point, which would represent an increased cost burden on the homeowning population in these Westside neighborhoods. The Property Tax Relief Fund Program will subsidize increases to existing tax bills, beginning with the base value of the year in which the applicant applied. The base value is determined by the applicant's total property tax bill for the preceding year of application. The homeowner will continue to qualify as long as the owner remains in the home. This subsidy will operate as a grant for a specific cost: the increase in property taxes. All participants of the program that receive this grant will not be required to pay back any portion of their received contribution from the fund. This grant will be considered as an "accession to wealth," which the IRS identifies as a taxable contribution. Therefore, recipients should expect to report any refunds by the Property Tax Relief Fund as taxable income.
dc.identifier.uri http://hdl.handle.net/1853/58534
dc.language.iso en_US
dc.publisher Georgia Institute of Technology
dc.publisher Georgia Institute of Technology
dc.subject Property tax
dc.subject Displacement
dc.subject Neighborhood revitalization
dc.title Developing a Charitable and Targeted Property Tax Relief Fund: An Anti-Displacement Initiative for Atlantaメs Westside Neighborhoods
dc.type Text
dc.type.genre Masters Project
dc.type.genre Applied Research Paper
dspace.entity.type Publication
local.contributor.corporatename College of Design
local.contributor.corporatename School of City and Regional Planning
local.relation.ispartofseries Master's Projects
local.relation.ispartofseries Master of City and Regional Planning
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relation.isOrgUnitOfPublication 2757446f-5a41-41df-a4ef-166288786ed3
relation.isSeriesOfPublication 09b1c264-93da-4a60-8e57-4eecff715bc6
relation.isSeriesOfPublication 48f8ffb1-1ac9-4072-ba90-f780501f1d65
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