they went from a few hundred dollars a year to 20,000 a year
in atlanta , many elderly people lost their homes because of it.
the reason was due to home values increasing , people who
had paid for homes were selling their homes because of the new taxes , someone
would buy it , put some money
in it and flip it for a few hundred thousand more.
the taxes were more than their income was going to be.
Keep in mind that they sold their homes for much more than they paid for them also. So there is a good chance that they could bite the bullet and leave town. There are many places in this country where the cost of living is much lower than in places like Atlanta. If you lived in Southern California you could sell your home and move to Oklahoma and buy a real nice house and then have some left over. Granted a lot of people don't want to leave the place they have lived in all of their lives, but it can be done.
Bill Gill
