Name:   Osms - Subject:   Tallapoosa Property Tax Increase? Date:   3/1/2016 6:30:45 PM

I have no knowledge about any proposal to raise the millage rate for Tallapoosa County, but I can verify that approximately 49% of all property taxes collected in the county are collected from lake front homes.  Tallapoosa County enjoys a source of tax revenue that other counties don't have, Lake Martin homes.  Not only that, but very few school students live on the lake, so there is little impact to the school systems.  And about 2/3 of the lake front homes are second homes which are taxed without homestead exemption.  And to top it all, the property assessments are generally set way above the actual market value of the property.  The county assessor places values far exceeding actual value on the land portion of the assessment, while keeping the improvements at a reasonable rate.