Ga. Supreme Court reinstates tax lawsuit

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ATLANTA -- The Georgia Supreme Court has reversed a lower court's decision and reinstated a lawsuit by a man who claims that some private Atlanta development projects have received unconstitutional tax breaks.

By a 4-3 vote, the court ruled today that the lower court prematurely dismissed a lawsuit by John Sherman, president of the Fulton County Taxpayers Foundation, before reviewing all the facts.

Sherman's suit alleges that the methods used by the Fulton County Board of Assessors to assess the value of properties called "bond transaction leaseholds" is illegal and unconstitutional.

Sherman says bond transaction leasehold estates are assessed at less than fair market value and developers pay less in property taxes.

The high court's majority says the trial court was wrong to dismiss the case based only on written arguments.

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justus4
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justus4 11/01/10 - 10:31 am
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0
Nothing new here....just
Unpublished

Nothing new here....just individuals in positions to make decisions using their position to further personal beliefs or goals. Who were the "no" votes and what is their political ideology? With that known, then all the pieces fall into place because its ALL subjective mumbo jumbo design to continue some benefit to some specific group. The article offers nothing tangible and that's exactly how this suit will play out - by design.

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