No political subdivision may create a tax allocation district when the total current taxable value of property subject to ad valorem property taxes within the proposed district plus the total current taxable value of property subject to ad valorem property taxes within all its existing tax allocation districts exceeds 10 percent of the total current taxable value of all taxable property located within the area of operation of the political subdivision.
History. Code 1981, § 36-44-17 , enacted by Ga. L. 2009, p. 158, § 2/HB 63.
Structure Georgia Code
Chapter 44 - Redevelopment Powers
§ 36-44-2. Legislative Findings and Purpose
§ 36-44-4. Local Legislative Bodies Serving as Redevelopment Agency; Common Redevelopment Agency
§ 36-44-5. Power of Political Subdivision
§ 36-44-6. Delegation of Powers; Limitations on Delegation
§ 36-44-7. Approval of Redevelopment Plans
§ 36-44-8. Creation and Implementation of Tax Allocation Districts
§ 36-44-9. Computing Tax Allocation Increments; Property Tax Included; Use of Tax Funds
§ 36-44-10. Determination of Tax Allocation Increment Base of Tax Allocation District; Annual Notice
§ 36-44-11. Positive Tax Allocation Increments
§ 36-44-12. Termination of Tax Allocation Districts
§ 36-44-13. Payment of Redevelopment Costs
§ 36-44-15. Determining Tax Millage Rate; No Freeze to Ad Valorem Tax Millage
§ 36-44-16. Loans for Financing Redevelopment Costs
§ 36-44-17. Limitation on Creation of Tax Allocation District
§ 36-44-18. Application of Urban Redevelopment Law
§ 36-44-19. Contracting With Private Individuals or Entities
§ 36-44-20. Requirement of Insufficiency
§ 36-44-22. Approval of Local Law; Expansion of Authorities by Localities Prohibited