November 27, 2021

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Business Investments Raise By $527M In Forsyth County

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FORSYTH COUNTY, GA — The Forward Forsyth economic enhancement partnership declared this week the benefits of a recent evaluation of the Forsyth County tax digest. The investigation reviewed variations in the tax digest from 2017 to 2019, the period of time considering that the Forsyth County Chamber and Forsyth County Board of Commissioners initiated a new economic progress approach for the group.



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 {595aaaf28bd374e61f5232268d1bfff5703fa65235acf271be13733c4f6e0734} boost in assessed price is driven in element from introducing 208 acres of land now zoned for new enterprises.

With only 10 percent of Forsyth County’s tax digest composed of corporations comprising 24 {595aaaf28bd374e61f5232268d1bfff5703fa65235acf271be13733c4f6e0734} of the total assessed worth of the tax digest, county officers mentioned the remaining stress of area taxes falls to homeowners.

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According to county officials, the normal house owner in Forsyth County works by using more in services than they fork out in taxes. Local leaders reported they realized that there would be complicated possibilities to make in the future unless of course we can maximize new enterprise investments and new work opportunities to carry the proportionate burden from house owners.

The county’s new Financial Enhancement Strategic Strategy and the generation of the Ahead Forsyth

financial enhancement partnership are the final result of an initiative by the Chamber and the Forsyth

County Board of Commissioners to aggressively concentrate on rising business enterprise investment decision in Forsyth County and balancing the tax digest.

From 2017 to 2019, there has been an raise of $527 million in assessed value of attributes owned by corporations. The 19 {595aaaf28bd374e61f5232268d1bfff5703fa65235acf271be13733c4f6e0734} maximize in assessed value is pushed in element from including 208 acres of land now zoned for new firms (a 1.5 percent maximize from 2017).

“While this a lengthy sport that will take many years to put into action, it is remarkable to see these preliminary results.” reported James McCoy, President and CEO of the Forsyth County Chamber of Commerce. “We are carrying out very well forward of the aims established again in 2017. It speaks well of the partnership and management of the local community.”

Forward Forsyth is executing practices described in the Forsyth County Economic Enhancement Strategic Plan to encourage developers to make new structures for target organizations to lease and advertising and marketing the local community and availability of individuals structures to goal industries: technological know-how, information services, e- commerce and distribution, innovative producing and specialist products and services.

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