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Hall County Approves 2 Payment System for Taxpayers

Atlanta, GA--  Hall County property owners have the option to pay taxes in two installments starting with the 2011 tax year. The Hall County Board of Commissioners voted Thursday to change from one to two due dates, following the results of a referendum by the voters on Nov. 3.

Tax Commissioner Keith Echols will mail a tax bill on Aug. 1 that includes two payment coupons. The first installment will be due Oct. 1, at which time at least half of the total must be paid. Late payments accrue interest of 1-percent per month. The remainder is due Dec. 1. If the entire amount is not paid by Dec. 1, a 10-percent penalty will be charged after 90 days, in addition to 1-percent interest per month.

Penalties and interest for Hall County property taxes are set by state law, unlike municipal taxes. The City of Gainesville allows taxpayers the option to pay in two installments, but the first due date is not mandatory. The Oct.

10 NE Georgia Towns Losing Population, While Others Grow

Atlanta, GA--  According to the newly released Census Bureau 10 Georgia cities saw their population numbers drop. Most of the 10 were in the Northeast mountains and included Blairsville, Clayton, Elberton and Toccoa, Carnesville, Dillard, Mountain City, Royston, Sky Valley, and Tiger.

The fastest-growing cities in Georgia from 2008-2009, according to the US Census were Braselton increased from 5,276 to 5,924; Cumming 5,726 to 5,896; Flowery Branch 3,975 to 4.115; Gainesville 35,476 to 35,750; Lawrenceville 29,268 to 29,837; Oakwood 4,541 to 5,353; and Suwanee 16,257 to 16,712.


 

 

Gainesville School Board to Adopt Slight Tax Cut

Gainesville, GA-- The Gainesville School Board voted Tuesday to decrease the property tax by lowering the millage rate for 2011 from 7.39 to 7.41. The .02 decrease is equivalent to a $2 savings on a $100k house.

State laws require that the proposed millage changes be advertised for 14 days before voting on final approval.  The final vote is scheduled for October 4th.

 

Loan Modification Could be Good, but Short Sale is Better says 1 Expert

Atlanta, GA--  As more and more Atlanta homeowners find themselves in financial distress and are forced to make tough decisions regarding their homes and specifically their dropping values and ballooning mortgage payments, we turned to a housing expert to help us navigate this complex situation.

Marian Anthony is a real estate finance expert and author of Short Sale RUSH- A How To Guide for Nonperforming Assets.  According to Marian, a Short Sale is more advantageous than a Loan Modification or a Foreclosure because "the reduced payoff in a short sale releases you from the debt obligation." He states that a foreclosure will ruin the homeowner's credit, and "a loan modification actually builds a debt trap around the borrower, milking them for every last nickel."

With so much information and marketing dollars being spent on homeowners getting into Loan Modification programs which may keep you bogged in debt for years, take Marian's su