ATLANTA — Seniors who own a home in the City of Atlanta could soon receive help paying their property taxes.
The City of Atlanta and Invest Atlanta are combining resources to launch a new $10 million tax relief fund. It's called the Anti-Displacement Tax Relief Fund Program, and it's focused on helping "legacy residents" pay rising property taxes.
The program allows those 60 or older who have lived in the City of Atlanta since at least 2015 and meet income requirements to apply to lock in their current tax rate. The money will then cover the cost of any price hikes for 20 years.
The program is only available to residents of certain neighborhoods, which include:
- Adams Park
- Almond Park
- Ashley Courts
- Audubon Forest West
- Audubon Forest
- Beecher Hills
- Ben Hill
- Ben Hill Acres
- Ben Hill Forest
- Ben Hill Terrace
- Ben Hill Pines
- Brentwood
- Briar Glen
- Butner/Tell
- Campbellton Road
- Capitol View
- Carey Park
- Cascade Avenue/Road
- Cascade Heights
- Center Hill
- Deerwood
- Dixie Hills
- East Ardley Road
- Elmco Estates
- Fairburn
- Fairburn Tell
- Green Acres Valley
- Green Forest Acres
- Greenbriar Village
- Grove Park
- Harvel Homes Community
- Heritage Valley
- Historic Westin Heights / Bankhead
- Horseshoe Community
- Hunter Hill
- Huntington
- Ivan Hill
- Kings Forrest
- Lake Estates
- Laurens Valley
- Magnum Manor
- Mays
- Meadowbrook Forest
- Mellwood
- Midwest Cascade
- Mt. Gilead Woods
- Niskey Cove
- Oakland City
- Old Fairburn Village
- Pamona Park
- Penelope Neighbors
- Peyton Heights
- Princeton Lakes
- Regency Trace
- Sandlewood Estates
- South Oaks at Cascade
- Southwest
- Sylvan Hills
- Tampa Park
- Thomasville Heights
- Venetian Hills
- West Haven
- West Highlands
- West Lake
- West Manor
Invest Atlanta President and CEO Dr. Eloisa Klementich said it’s a practical way to ensure seniors can keep their homes.
“The thought was how do we make sure that our legacy residents can stay in their homes and one of the things that really impacts a senior who is on a limited income is when their taxes rise," Klementich stated. "So we’re going to do here is create a ceiling, meaning once they enter into the program, they will have their tax rate. And for the next 20 years, they will not pay more than their current tax rate.”
Klementich said they have room for about 200 residents and will take applications until Aug. 17.
Seniors needing help applying can attend one of two in-person sessions. Those sessions will be held on Aug. 3 and Aug. 6, starting at 9 a.m. at Atlanta Technical College’s Dennard Center.
To learn more information and apply, click here.