Kyle Wingfield

Political commentary and opinion from The Atlanta Journal-Constitution's conservative blogger

Opinion: The first thing Atlanta needs to do for housing affordability


Atlanta has a problem with housing affordability, as most everyone seems to recognize. The city’s new mayor, Keisha Lance Bottoms, even campaigned on spending $1 billion to address the problem. 

A fat lot of good even that large a sum will do, though, if the biggest threat to homeowners’ finances isn’t solved in a very real way. 

Recall last summer, when homeowners across Fulton County fell ill at the sight of their property reassessments. About half saw their assessments — upon which property taxes are levied — rise by at least 20 percent. For about a quarter, the increase was more than 50 percent. (Full disclosure: This homeowner’s assessment rose by almost 150 percent.)

County commissioners froze values at 2016 levels and collected 2017 tax payments late last year, even though the state has yet to approve that politically popular but legally questionable maneuver. But however that tussle is resolved, no one ever expected or intended the freeze to last more than one year. A permanent solution will be required to keep homeowners from simply getting slammed with an even bigger increase this year.

Legislators for cities in north Fulton have already sprung into action, working on a bill to cap the amount of increase homeowners can face in a single year to 3 percent or the rate of inflation, whichever is lower. The key, says Rep. Jan Jones, R-Milton, is not just to keep property taxes lower than they might otherwise be, but more predictable as well.

“When a purchaser decides to buy a house, they know how much their income is, and how much their mortgage and taxes will be, and can decide, ‘I can afford that,’” Jones says.

But she and other north Fulton lawmakers can only touch the portions of the tax levied by their cities and the county school system. They can’t do it for Atlanta or its school system, since these changes require local legislation proposed by the local delegation.

I’m told the Atlanta delegation is working on a similar bill. Here’s why it’s imperative they succeed.

First is just a matter of need. A map of the largest percentage increases in the county last year shows the most concentrated areas of soaring assessments were in Atlanta. And not just in the high cotton of Buckhead: Huge swaths of southwest Atlanta in particular saw increases of 30 percent, 40 percent, even 50 percent or more.

As a matter of principle, it’s abominable that many residents might have to sell their homes because of their tax bills. Unlike other taxes, one’s property tax is based largely on others’ decisions. Here’s what I mean: If I buy more goods, I pay more sales tax. If I earn more money, I pay more income tax. Those are based on choices I made. But if my neighbor sells his house for a lot more than I paid, my property-tax bill stands to increase, even if I have no more money than before.

But the more immediate problem is that matter of housing affordability.

It’s bad enough that it’s harder and harder for middle-income folks to find homes in Atlanta they can afford — especially homes in good school zones. Worse, relatively affordable areas are often the very places where home prices are likely to rise the most. That takes an affordable home and soon makes it unaffordable.

What good will it do Atlanta to spend $1 billion on affordable housing if soaring property assessments force even more residents to flee the city? Remember, the near suburbs in most cases already have lower millage rates. If they also are willing to cap how fast assessments can rise, they’ll become even more attractive.

Of course, that will create still more problems, from a further hollowing out of the city’s middle class to the need to spend even more on transportation infrastructure to handle even more people with long commutes. The attendant costs would soon dwarf any lost revenue from a cap.

If Atlanta is to make the city a more affordable place to live, recognizing the need not to tax people out of their homes is the best place to start.


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About the Author

Kyle Wingfield joined the AJC in 2009. He is a native of Dalton and a graduate of the University of Georgia.