Page 29 - Fayette County NCG

FCDA Update
supports that tax revenue generated
EXPENDITURES PER $1 OF REVENUE BY LAND USE
by Fayette’s commercial and industrial
1.40
sectors help offset the deficit on the
1.20
residential side.
The report, available on the FCDA 1.00 $ 1.14 $ 1.05 $ 1.15
website, provides this overview: “For 0.80
every $1 the Fayette residential digest 0.60
generates, it costs $1.05 to provide 0.40
services. For every $1 the commercial 0.20
digest generates, it costs $0.55 to
0.00
provide services. If you include schools,
the ratios are $1.15 for residential, and
$0.28 for commercial.”
770-461-9983 • FayetteChamber.org
$ 0.71 $
$ 0.60 0.65
$ 0.55
$ 0.28 $ 0.27
Residential Commercial/Industrial Farm/Ag
Balanced Budget Actual Budget Actual - With School
Source: Center for Economic Development Research, Georgia Tech
On the next study, Vanderslice
anticipates that the Industrial part
of the net property tax digest will
reflect increased tax revenues, based
on numerous large Fayette projects
– expansion and new construction –
including CertainTeed, Gerresheimer,
Hoshizaki, the QTS Data Center,
and others.
“When we have an investment that
comes in on the commercial/industrial
side, they’re not using more of our
services,” said Vanderslice. “They’re
using our infrastructure.” She cited roads,
sewers, and wastewater as examples.
`Vanderslice called the data on the
report’s Break-Even Home Values “very
valuable.” If a Fayette County resident has
just one child in the school system, the
home value would have to be $953,242
to cover those education costs. If there
are two children in the school system, the
home value needed to pay for costs jumps
to a whopping $1,904,165.
Average single-family Fayette County
home values increased just over $35,000,
from $471,079 in 2023, to $506,472 in
2024, per the report.
“That’s got to be offset by somebody
else,” Vanderslice noted. “Who’s offsetting
it? That is the commercial/industrial side
of it.”
The FCDA’s job is to increase tax
revenues on the commercial and industrial
side, Vanderslice explained. A benefit to
Fayette County residential taxpayers is
the continued offset those commercial
taxes provide.
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