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Fiscal adviser warns council of property-tax losses, offers new income-tax options to replace revenue
Summary
A fiscal presentation to the council outlined major state tax changes through 2031 that will reduce assessed value and local property tax receipts and described the new local income‑tax structure counties may adopt starting in 2027 to replace lost revenue.
DeKalb County received a long-range fiscal briefing on June 11 that projected the county’s property‑tax base will shrink under recently enacted state changes and that local officials should prepare to use new local income‑tax options beginning in 2028.
Jeff Peters presented the county’s updated fiscal plan and said the state’s reforms — including step‑down reductions to homestead assessments and changes to business personal property reporting — will reduce assessed value and push local tax rates higher while producing larger circuit‑breaker credits.
“What is the result of taking all this assessed value out of the tax base? It is going to drive up tax rate, the levels that we haven't seen for decades,” Peters said. He explained that higher rates plus newly created tax credits and exemptions will cause the…
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