File Photo: A shortage of homes for sale keeps Atlanta prices climbing, which makes housing less affordable. KENT D. JOHNSON / KDJOHNSON@AJC.COM
Photo: The Atlanta Journal-Constitution
Photo: The Atlanta Journal-Constitution

Cobb chairman hints at proposed tax hike

County still faces a $30 to $55 million shortfall despite a growing tax digest

Even an estimated 7.5 percent increase to Cobb’s tax digest won’t be enough to erase a $30 to $55 million budget deficit, county officials said in a statement Thursday.

The county announced the highest percentage increase to the tax digest since the recession, with the average sales price of a home in Cobb surpassing $285,000.

While the increase is expected to be a boon for schools and the fire fund, the county general fund will see less benefit due to the high number of homestead exemptions.

Chairman Mike Boyce dropped a heavy hint that he would bring forward a proposed tax increase to bridge the gap.

"We knew this $30 million hole was coming years ago, and because the floating exemption prevents the general fund from fully benefiting from the tax digest increase, the board must bring forth a millage rate that will support a quality of life Cobb residents expect,” he said.

Read our in-depth reporting on how the county found itself in a fiscal crunch despite a growing economyBraves stadium hardly a home run for Cobb taxpayers

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The first pitch was at 4:10 p.m., right as the evening drive gets into full swing.

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