happyinBCS said:
A new apartment complex is being built on a 12 acre tract on Arrington rd. 270 units in an already overbuilt market. The total tax bill for the 12 acre tract is 45.00 yes forty five dollars because it has an Ag exemption So when this project is completed I am sure the value will be several million and property tax will be paid on that value a huge windfall for the city and county with very little infrastructure work but the city keeps raising our tax rate.
If I'm not mistaken, the developer has to pay back taxes for five years when using ag exempt land. So no worries, the taxing entities involved will get plenty.
I think that, to be very honest with you, I do believe that we should have rightly believed, but we certainly believe that certain issues are just settled.
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