Georgia Justices Suggest Income Can Determine Property Tax Bill

The Georgia Supreme Court expressed skepticism Thursday toward local tax assessors’ argument that binding precedent requires that an apartment complex funded by low-income housing credits can’t be valued based on its potential income.

The court previously decided in a similar case that using the income approach to value affordable housing properties for tax purposes is an unconstitutional reading of state law, Walter Elliott of Elliott Blackburn PC, who represented the Lowndes County Board of Tax Assessors, said during oral arguments.

But that method “seems to me a pretty straightforward reading of that statute,” Justice Andrew A. Pinson said.

Pinson also ...