The Brief Per Fox 5-
-
- Atlanta’s Anti-Displacement Tax Relief Fund offers long-term property tax relief to eligible senior homeowners to prevent displacement due to rising property values.
- The program is privately financed, freezing property tax rates for seniors at current levels and covering future increases for up to 20 years.
- Seniors must act quickly to apply by the deadline of May 31, 2025, with eligibility criteria including age, residency, income limits, and homeownership status.
-
“We are here today because the stakes could not be higher,” Martin said. “With just two weeks left before the deadline, I want every senior homeowner in Atlanta to hear this message clearly: Help is available, but you must act now.”
The citywide program, administered by Invest Atlanta and backed by a $10 million commitment from the Centennial Yards Housing Trust Fund, provides long-term relief by covering property tax increases above a set base level for eligible senior homeowners. The initiative aims to prevent displacement caused by gentrification and rising property values.
Dig deeper:
To qualify, residents must be 60 or older, have lived in Atlanta since 2015, maintain an active homestead exemption, meet income limits, and own their home free of liens or other encumbrances. The program freezes property tax rates at current levels and covers future increases for up to 20 years.
“This program ensures that those increases don’t affect [seniors],” Martin said. “It’ll effectively freeze their current rate in time, and any overages will be paid by this private fund.”
No comments