Tuesday, June 8, 2010
Monday, June 7, 2010
Geogia Senate Bill 346, signed by the governor on 6/4/10, may bring sanity back to ad valorem taxation.
Here is the section which should be most welcome news to Camden County taxpayers:
PART V
SECTION 5-1.
Said title is further amended in Code Section 48-5-2, relating to definitions, by adding new paragraphs to read as follows:"(.1) 'Arm's length, bona fide sale' means a transaction which has occured in good faith without fraud or deceit carried out by unrelated or unaffiliated parties, as by a willing buyer and a willing seller, each acting in his or her own self-interest, including but not limited to a distress sale, short sale, bank sale, or sale at public auction."
SECTION 5-2.Said title is further amended in Code Section 48-5-2, relating to definitions regarding ad valorem taxation of property, by revising the introductory language of paragraph (3) preceding subparagraph (A) as follows:"(3) 'Fair market value of property' means the amount a knowledgeable buyer would pay for the property and a willing seller would accept for the property at an arm's length, bona fide sale. The income approach, if data is available, shall be considered in determining the fair market value of income-producing property. Notwithstanding any other provision of this chapter to the contrary, the transaction amount of the most recent arm's length, bona fide sale in any year shall be the maximum allowable fair market value for the next taxable year. With respect to the valuation of equipment, machinery, and fixtures when no ready market exists for the sale of the equipment, machinery, and fixtures, fair market value may be determined by resorting to any reasonable, relevant, and useful information available, including, but not limited to, the original cost of the property, any depreciation or obsolescence, and any increase in value by reason of inflation. Each tax assessor shall have access to any public records of the taxpayer for the purpose of discovering such information."
SECTION 5-3.Said Code section is further amended in paragraph (3) by revising subparagraph (B) as follows:"(B) The tax assessor shallconsider apply the following criteria in determining the fair market value of real property:(i) Existing zoning of property;(ii) Existing use of property, including any restrictions or limitations on the use of property resulting from state or federal law or rules or regulations adopted pursuant to the authority of state or federal law;(iii) Existing covenants or restrictions in deed dedicating the property to a particular use;(iv) Foreclosure sales, bank Bank sales, other financial institution owned sales, or distressed sales, or any combination thereof, of comparable real property;(v) Decreased value of the property based on limitations and restrictions resulting from the property being in a conservation easement; and(vi) Any other existing factors provided by law or by rule and regulation of the commissioner deemed pertinent in arriving at fair market value."
Had "B (iv)" been in existence this past year, there is no doubt some increases hereabouts would not have been so shockingly large. Note that last year's "shall consider" has been replaced with the imperative "shall apply."
Here is the link to the entire bill.
http://www.legis.state.ga.us/legis/2009_10/fulltext/sb346.htm
If elected, during the deliberations on the first budget I will vote on - FY2012 - I will advocate for funding for a reappraisal of ALL St. Marys properties that fiscal year, followed by Kingsland the next year, and Woodbine and the remainder of the county the third year, using the new rules as to what SHALL be included in the comparables when making an appraisal. Moreover, I will advocate for sufficient funding so that we may have enough highly qualified, in-house appraisers to NEVER, EVER, farm the work out again!
Note: If you've come here from my campaign blog, click here to go back:
www.jayforfourforfourormore.blogspot.com
PART V
SECTION 5-1.
Said title is further amended in Code Section 48-5-2, relating to definitions, by adding new paragraphs to read as follows:"(.1) 'Arm's length, bona fide sale' means a transaction which has occured in good faith without fraud or deceit carried out by unrelated or unaffiliated parties, as by a willing buyer and a willing seller, each acting in his or her own self-interest, including but not limited to a distress sale, short sale, bank sale, or sale at public auction."
SECTION 5-2.Said title is further amended in Code Section 48-5-2, relating to definitions regarding ad valorem taxation of property, by revising the introductory language of paragraph (3) preceding subparagraph (A) as follows:"(3) 'Fair market value of property' means the amount a knowledgeable buyer would pay for the property and a willing seller would accept for the property at an arm's length, bona fide sale. The income approach, if data is available, shall be considered in determining the fair market value of income-producing property. Notwithstanding any other provision of this chapter to the contrary, the transaction amount of the most recent arm's length, bona fide sale in any year shall be the maximum allowable fair market value for the next taxable year. With respect to the valuation of equipment, machinery, and fixtures when no ready market exists for the sale of the equipment, machinery, and fixtures, fair market value may be determined by resorting to any reasonable, relevant, and useful information available, including, but not limited to, the original cost of the property, any depreciation or obsolescence, and any increase in value by reason of inflation. Each tax assessor shall have access to any public records of the taxpayer for the purpose of discovering such information."
SECTION 5-3.Said Code section is further amended in paragraph (3) by revising subparagraph (B) as follows:"(B) The tax assessor shall
Had "B (iv)" been in existence this past year, there is no doubt some increases hereabouts would not have been so shockingly large. Note that last year's "shall consider" has been replaced with the imperative "shall apply."
Here is the link to the entire bill.
http://www.legis.state.ga.us/legis/2009_10/fulltext/sb346.htm
If elected, during the deliberations on the first budget I will vote on - FY2012 - I will advocate for funding for a reappraisal of ALL St. Marys properties that fiscal year, followed by Kingsland the next year, and Woodbine and the remainder of the county the third year, using the new rules as to what SHALL be included in the comparables when making an appraisal. Moreover, I will advocate for sufficient funding so that we may have enough highly qualified, in-house appraisers to NEVER, EVER, farm the work out again!
Note: If you've come here from my campaign blog, click here to go back:
www.jayforfourforfourormore.blogspot.com
Sunday, June 6, 2010
Sunday Funnies; Volume 118.
One year, I decided to buy my mother-in-law a cemetery plot as a Christmas gift...
The next year, I didn't buy her a gift.
When she asked me why, I replied,
"Well, you still haven't used the gift I bought you last year!"
And that's how the fight started.....
________________________________________
I asked my wife,
'Where do you want to go for our anniversary?'
It warmed my heart to see her face melt in sweet appreciation.
'Somewhere I haven't been in a long time!'
she said.
So I suggested,
'How about the kitchen?'
And that's when the fight started...
________________________________________
My wife and I are watching Who Wants To Be A Millionaire while we were in bed.
I turned to her and said,
'Do you want to have Sex?'
'No,'
she answered. I then said,
'Is that your final answer?'
She didn't even look at me this time, simply saying
'Yes..'
So I said, 'Then I'd like to phone a friend.'
And that's when the fight started...
________________________________________
I took my wife to a restaurant.
The waiter, for some reason, took my order first.
'I'll have the rump steak, medium rare, please.'
He said, 'Aren't you worried about the mad cow?'
'Nah, she can order for herself.'
And that's when the fight started.....
________________________________________
My wife sat down on the couch next to me as I was flipping the channels.
She asked, 'What's on TV?'
I said, 'Dust'
And then the fight started..
________________________________________
My wife was hinting about what she wanted for our upcoming anniversary.
She said, 'I want something shiny that goes from 0 to 200 in about 3 seconds.'
I bought her a set of bathroom scales.
And then the fight started...
________________________________________
My wife and I were sitting at a table at her high school reunion, and she kept staring at a drunken man swigging his drink as he sat alone at a nearby table.
I asked her, 'Do you know him?'
'Yes,' she sighed,
'He's my old boyfriend.... I understand he took to drinking right after we split up those many years ago, and I hear he hasn't been sober since.'
'My God!' I said,
'Who would think a person could go on celebrating that long?'
And then the fight started...
________________________________________
I rear-ended a car this morning.. So, there we were alongside the road and slowly the other driver got out of his car.
You know how sometimes you just get soooo stressed and little things just seem funny?
Yeah, well I couldn't believe it... he was a DWARF!!!
He stormed over to my car, looked up at me, and shouted,
'I AM NOT HAPPY!'
So, I looked down at him and said, 'Well, then which one are you?'
And then the fight started∑
________________________________________
THE BROKEN LAWN MOWER:
When our lawn mower broke and wouldn't run, my wife kept hinting to me that I should get it fixed..
But, somehow I always had something else to take care of first, the shed, the football, making beer.. Always something more important to me.
Finally she thought of a clever way to make her point.
When I arrived home one day, I found her seated in the tall grass, busily snipping away with a tiny pair of sewing scissors. I watched silently for a short time and then went into the house.. I was gone only a minute, and when I came out again I handed her a toothbrush.
I said,
'When you finish cutting the grass, you might as well sweep the driveway.'
The doctors say I will walk again, but I will always have a limp.
The next year, I didn't buy her a gift.
When she asked me why, I replied,
"Well, you still haven't used the gift I bought you last year!"
And that's how the fight started.....
________________________________________
I asked my wife,
'Where do you want to go for our anniversary?'
It warmed my heart to see her face melt in sweet appreciation.
'Somewhere I haven't been in a long time!'
she said.
So I suggested,
'How about the kitchen?'
And that's when the fight started...
________________________________________
My wife and I are watching Who Wants To Be A Millionaire while we were in bed.
I turned to her and said,
'Do you want to have Sex?'
'No,'
she answered. I then said,
'Is that your final answer?'
She didn't even look at me this time, simply saying
'Yes..'
So I said, 'Then I'd like to phone a friend.'
And that's when the fight started...
________________________________________
I took my wife to a restaurant.
The waiter, for some reason, took my order first.
'I'll have the rump steak, medium rare, please.'
He said, 'Aren't you worried about the mad cow?'
'Nah, she can order for herself.'
And that's when the fight started.....
________________________________________
My wife sat down on the couch next to me as I was flipping the channels.
She asked, 'What's on TV?'
I said, 'Dust'
And then the fight started..
________________________________________
My wife was hinting about what she wanted for our upcoming anniversary.
She said, 'I want something shiny that goes from 0 to 200 in about 3 seconds.'
I bought her a set of bathroom scales.
And then the fight started...
________________________________________
My wife and I were sitting at a table at her high school reunion, and she kept staring at a drunken man swigging his drink as he sat alone at a nearby table.
I asked her, 'Do you know him?'
'Yes,' she sighed,
'He's my old boyfriend.... I understand he took to drinking right after we split up those many years ago, and I hear he hasn't been sober since.'
'My God!' I said,
'Who would think a person could go on celebrating that long?'
And then the fight started...
________________________________________
I rear-ended a car this morning.. So, there we were alongside the road and slowly the other driver got out of his car.
You know how sometimes you just get soooo stressed and little things just seem funny?
Yeah, well I couldn't believe it... he was a DWARF!!!
He stormed over to my car, looked up at me, and shouted,
'I AM NOT HAPPY!'
So, I looked down at him and said, 'Well, then which one are you?'
And then the fight started∑
________________________________________
THE BROKEN LAWN MOWER:
When our lawn mower broke and wouldn't run, my wife kept hinting to me that I should get it fixed..
But, somehow I always had something else to take care of first, the shed, the football, making beer.. Always something more important to me.
Finally she thought of a clever way to make her point.
When I arrived home one day, I found her seated in the tall grass, busily snipping away with a tiny pair of sewing scissors. I watched silently for a short time and then went into the house.. I was gone only a minute, and when I came out again I handed her a toothbrush.
I said,
'When you finish cutting the grass, you might as well sweep the driveway.'
The doctors say I will walk again, but I will always have a limp.
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