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Janice Slaven, Suwanee Georgia Real Estate

GWINNETT COUNTY TAX INCREASE TO SUWANEE RESIDENTS!

Time is very short. Below is an Open Letter to Gwinnett Taxpayers which the Gwinnett Daily Post printed yesterday. I hope you will read it and pass this email along to as many Gwinnett residents and businesses as you can. Also, please call the commissioners and express your outrage at their failure to reduce county government

770-822-7010 Charles Bannister
770-822-7001 Shirley Lasseter
770-822-7002 Best Nasuti
770-822-7003 Mike Beaudreau
770 822-7004 Kevin Kenerly

OPEN LETTER TO GWINNETT TAXPAYERS MAY 22, 2009

As mayor of Suwanee, I can attest firsthand that local governments are profoundly affected by these challenging economic times. I can also promise that the Suwanee City Council is doing everything in its power to hold the line on taxes.

People are hurting. Many have lost jobs or taken pay cuts. Businesses are facing unprecedented challenges. Nonprofits are trying to survive. Everyone seems to be doing whatever they can keep costs down. Well, not everyone.

Earlier this week, our Gwinnett County Commissioners announced their plan to raise your property taxes by more than 25 percent - 30 percent if you live in a city - so they can expand their 2009 budget by about 10 percent over their 2008 budget. We don't have the exact figures because they still won't publish the budget they adopted March 3.

You see, even though we're nearly halfway into the fiscal year, without their budget document, the public is being kept in the dark. Our commissioners are ballooning county government in the worst economy anyone can remember.

Forty-three million of this enormous $87 million property tax increase isn't even planned to be spent in 2009 - they're socking it away in something called "working capital reserve." Our commissioners have decided it's better to overtax you and hoard those dollars than for you to pay your mortgage, health care or for your kids' education.

Under the guise of public safety, our commissioners have hatched a curious plan to hire 170 more officers to start patrolling inside cities that are already policed effectively by the cities. This wasteful and dangerous duplication will require another $17 to 20 million of your money in new taxes - can't know for certain without the budget. Sheriff Butch Conway calls their scheme a "terrible mistake."

Growing the size of government in these economic times is exactly the wrong thing for any elected body. It's quite obvious that our commissioners are oblivious to the reality that the rest of us face. We're cutting back, yet they're expanding their county largesse and sending us the bill. And it's going to be a whopper.

State law requires our commissioners hold three public hearings at the Gwinnett Justice and Administration Center before they set these new tax rates. Two are scheduled for Tuesday, the day after Memorial Day. The third is June 2, after which the county will vote on the new tax rate.

I plan to attend all of them, and hope you will, too.

Have we learned anything from the county's recent "trash plan" episode? This time, will we make our voices heard to our elected commissioners before they take action on this outrageous tax hike?

If not, brace yourself for a doozie of a county tax bill.

Dave Williams, Mayor
City of Suwanee, GA

http://gwinnettdailypost.com/main.asp?SectionID=17&SubSectionID=116&ArticleID=60158&TM=43811.45

This letter is posted with the permission of the writer.

ATLANTA GA - APRIL 2009 REAL ESTATE MARKET IN REVIEW

Those with the crystal ball continue to say the bottom is near. How long have we heard that? In a recent "reading of the crystal ball, chief economist, Mark Zandi with Moody's Economy, Inc. targeted December 15, 2009 for the bottom (Realtor.org/April 28, 2009-Source: Wall Street Journal. June Fletcher, April 24, 2009). Hmm.....One has to surmize it will all depend on your market location.

Steve Palm with Smart Numbers shows the inventory for single family homes in Atlanta declined the end of April compared to March. He noted, "...we are now approaching 2006 inventory levels." (May 21, 2009). Contrast this to a recent news cast predicting the Atlanta market might be in this a bit longer than December 15, 2009. However, it still doesn't mean you can't sell your home or that you have to give your house away. As I have mentioned in previous post, Tips on Selling Your Home, you can be very successful in selling your home, if you PREPARE and EDUCATE yourself!

Recapping April, 2009 is outlined below. Units and average sales price is down. However, if appreciable housing inventory levels continue to decline as Steve Palm noted then it may be "safe" to assume we may begin to see a SLOW upswing in home values. Time will tell....


Come to my house:
MySuwaneeHome.com

FEDERAL AND STATE OF GEORGIA HOME BUYER TAX CREDIT

NOW IS THE TIME TO BUY!!!


NOW is the time!!! If you have been sitting on the fence waiting
to buy a new home....NOW IS THE TIME!!! And, time is of
the essence. Two credits are now available for home buyers
in the state of Georgia. The Federal First Time Home Buyer
Tax Credit and the Georgia Home Buyer Tax Credit (House
Bill 261).

FEDERAL FIRST TIME HOME BUYER $8,000 TAX CREDIT
  • The tax credit is for first time home buyers only. For the
    tax credit program, the IRS defines a first-time home
    buyer as someone who has not owned a principal
    residence during the three year period prior to the
    purchase.
  • The tax credit does not have to be repaid.
  • The tax credit is equal to the 10 percent of the home's
    purchase price up to a maximum of $8,000.
  • The credit is available for homes purchased on or after
    January 1, 2009 and before December 1, 2009.
  • Single tax payers with incomes up to $75,000 and
    married couples with incomes up to $150,000 qualify
    for the full tax credit.
GEORGIA HOME BUYER TAX CREDIT
  • Governor of GA signs May 11 House Bill 261 providing
    for $1800 State of Georgia Tax Credit (1.2% up to $1800).
  • Homes under $150,000 would qualify for the full $1800 tax
    credit.
  • Qualifying homes must have been listed prior to May 11.
  • Tax credit is spread over three years.
  • No purchase restrictions.
  • Program ends November 20, 2009.

Interest rates are at an historical low - 4.5%, making this opportunity
even sweeter. And, these low rates won't last forever! Like the
tax credits, all good things will come to an end....NOW IS THE TIME!



Click to learn more about Federal
Home Buyer Tax Credit

$8,000 FIRST TIME HOME BUYER TAX CREDIT - MORE GOOD NEWS!

NEW NEWS...IS GOOD NEWS...



As I had mentioned in a previous post, the $8,000 First Time
Homebuyer Tax Credit
is great but how do first time home
buyers make the purchase if their funds are limited. The new
down payment guidelines under FHA is 3.5% and Conventional
is 10% (up from 5% earlier this year).
No one disputes financing guide lines needed to be tightened.
But if you are going to throw out a carrot to this segment of the
home buying community to help stiumulate the housing market,
it only makes sense (if you have worked in real estate long enough)
to know these buyers are usually young and have limited funds.
On Tuesday, the Federal Housing Assocation (FHA) came to realize
the same thing!
FHA is going to allow home buyers to use the $8,000 First Time
Home Buyer Tax Credit as a down payment. With the assistance of
an approved, lender, buyers will be able to access these funds through
a short term "bridge loan." According to Shaun Donovan, Secretary of
the U. S. Treasury, "We all want to enable FHA consumers to access the
home buyer tax credit funds when they close on their home loans so
that the cash can be used as a down payment." This new change, in
my opinion, should have an exponential effect going forward on the
number of first time home buyers seeking to be home owners vs. what
we were seeing previously.
Additionally, if you live in the state of Georgia, more good news!
The Governor has signed HB 261 an $1800 tax credit for first time
home buyers. There are a couple of facts to be aware of:

  • $1800 tax credit or 1.2% of the purchase price
  • Credit spread over a period of three years
  • The credit can be claimed one time per tax payer
  • You must close on the home between June 1 and November
    30, 2009.

Great opportunities abound for the first time home buyer: Historically
low interest rates, selection AND the $8,000 First Time Home Buyer
Tax Credit.....It doesn't get much better than this!!!

More articles by Janice


Come to my house:
My Suwanee Home.com

SUWANEE GA - ONE OF THE BEST in THE SOUTHEAST!

CONGRATULATIONS SUWANEE!!! You did it again!

The City of Suwanee has added one more to their treasure
chest of awards! On February 17, 2009, the city was
presented with the Kaleidoscope Award from the Southeast
Festivals and Events Association for its 2008 events.

Among the awards presented to the City of Suwanee were
two gold and two bronze awards. In the annual competition,
there were 140 entries from 22 different organizations.

The GOLD award was presented to the City for: "Best
Event within an Event" category for Body
Plex's "World's
Largest Outdoor Spin Class" which took place
as part of the Tour de Georgia. The
second GOLD award
went to Melissa Fernandez,
Suwanee Day Chairperson
in the "Best Volunteer"
category (events under $75K).

The notorious "Suwanee Day Festival" and the 2008
25th Suwanee Day commemorative poster by Melody Orr
brought home the BRONZE.

No wonder so many take pride in calling
Suwanee "HOME!"