BOC to Discuss Tax Referendum

Commissioners will meet at 6 p.m. tonight.

Gov. Nathan Deal has laid the foundation for  residents to consider approving a means to reduce their property taxes.

where residents can vote on imposing a homestead option sales tax, or HOST.

An additional penny would be paid by residents to reduce the amount of property taxes paid. The HOST does not roll back property taxes for the fire district or school property taxes.

Commission Chairman Buzz Ahrens plans to announce the news at Tuesday’s board meeting. The board meets at 6 p.m. at the , 1130 Bluffs Parkway, Canton.

Ahrens has said the extra money could generate roughly $30 million in tax revenues a year that could be applied to approximately 49,000 residential properties receiving the $5,000 homestead exemption, according to the Cherokee Tribune.

“This is a great example of planning and execution,” Ahrens said.

The county began planning its request for local legislation in December and had the full support of Senate Majority Leader Chip Rogers (R-Woodstock), who sponsored the legislation.

Ahrens said the county will educate the public between the July 31 primary and the Nov. 6 election.

Counties are allowed to use up to 20 percent of HOST proceeds for capital projects, which would leave the county with 80 percent, or roughly $24 million, to increase homestead exemptions, the  reported.

Frank Jones April 17, 2012 at 12:19 PM
They want us the reduce our property taxes but increase our sales taxes. As this article indicates, this is a net tax increase. In addition, property taxes are deductible on your income taxes while sales taxes aren't. As a result, we'll pay higher income taxes as well. While no one likes to pay property taxes, switching to HOST is not in our best interests and should be voted against in November.
Lar Card April 17, 2012 at 02:16 PM
Drive around the shopping areas in Cherokee county, especially the Marketplace in Canton. Hundreds of cars are from Pickens, Cobb, Fulton, Forsythe, Gilmer, and Dawson. Except for Cobb, they pay very low taxes while Cherokee county residents pay for the infrastructure where everyone can shop and eat. If it generates revenue from visitors, I'm for it. Next, lets cut the school tax for people without children in the system. BTW, I don't get to deduct my property taxes and I don't buy a lot so it's a tax cut for me.
Frank Jones April 18, 2012 at 12:30 AM
@Lar Card...Oh I wish it were a tax cut for you but I doubt it will be. You see, the "cut" is an additional $5,000 homestead exemption that based upon the millage rate in effect for 2011 works out to $26.83. To "offset" this cut, the bill calls for an additional 1% sales tax. Because the tax cut is so small, all it takes is for you to spend $2,683 in Cherokee County to pay back the savings (i.e. $2,683 x 1% = $26.83). Anything you spend over $2,683 will result in a TAX INCREASE! If you want to pay more taxes, go ahead and vote "yes"; otherwise, vote "NO". I agree, people from other counties do shop in Cherokee County and that is a good thing. One reason they may shop here is the fact that we have low sales tax rate. However, keep in mind, the amount of money out-of-county shoppers spend in Cherokee County is miniscule. Cherokee County residents will end up paying the tax increase.
Frank Jones April 18, 2012 at 12:37 AM
@Lar Card...and another thing...the HOST 1% sales tax will be effective immediately if it passes (i.e. November 2012) however, you want see any property "tax cuts" until January 2014. During the fall of 2012 and all of 2013, the county will be charging both taxes. Ain't that great!?


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