November 27, 2021

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Business enterprise Investments Increase By $527M In Forsyth County

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FORSYTH COUNTY, GA — The Forward Forsyth economic progress partnership introduced this 7 days the final results of a the latest analysis of the Forsyth County tax digest. The analysis reviewed adjustments in the tax digest from 2017 to 2019, the time period due to the fact the Forsyth County Chamber and Forsyth County Board of Commissioners initiated a new economic enhancement prepare for the community.



a hand holding a piece of paper: The 19 percent increase in assessed value is driven in part from adding 208 acres of land now zoned for new businesses.


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The 19 per cent maximize in assessed benefit is pushed in aspect from introducing 208 acres of land now zoned for new firms.

With only 10 percent of Forsyth County’s tax digest composed of corporations comprising 24 per cent of the whole assessed price of the tax digest, county officials explained the remaining burden of local taxes falls to property owners.

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In accordance to county officers, the regular homeowner in Forsyth County takes advantage of extra in products and services than they pay back in taxes. Community leaders reported they understood that there would be hard possibilities to make in the long run except if we can enhance new organization investments and new positions to lift the proportionate burden from owners.

The county’s new Financial Advancement Strategic Approach and the creation of the Forward Forsyth

financial improvement partnership are the end result of an initiative by the Chamber and the Forsyth

County Board of Commissioners to aggressively target on escalating organization expenditure in Forsyth County and balancing the tax digest.

From 2017 to 2019, there has been an improve of $527 million in assessed value of attributes owned by businesses. The 19 p.c improve in assessed value is driven in part from adding 208 acres of land now zoned for new organizations (a 1.5 p.c raise from 2017).

“While this a very long activity that will choose quite a few decades to put into practice, it is interesting to see these initial final results.” said James McCoy, President and CEO of the Forsyth County Chamber of Commerce. “We are executing properly in advance of the goals established again in 2017. It speaks well of the partnership and leadership of the local community.”

Forward Forsyth is executing strategies explained in the Forsyth County Financial Improvement Strategic System to really encourage builders to make new structures for goal businesses to lease and advertising and marketing the local community and availability of people properties to target industries: technologies, data products and services, e- commerce and distribution, advanced manufacturing and qualified companies.

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