Georgia homeowners to receive $18K reduction in assessed home value
By Marcus Chen
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St. Johns County voters will see more than candidate names on their ballots Tuesday — they’ll also be asked whether the county should borrow up to $100 million to conserve land.The measure is specific to St. Johns County and would allow the county to issue bonds paid back through property taxes.How much would it cost?The math breaks down like this: 0.15 mil — or $15 for every $100,000 of taxable property value. That means a homeowner with a $200,000 taxable property value would pay $30.The money would go toward competing with developers to purchase land from willing sellers.The county currently uses a program called LAMP — the Land Acquisition Management Program — which receives $500,000 annually from the county for land purchases. The county also received an allocation of $1.5 million earlier this year. County leaders say that funding simply isn’t enough to keep pace with developers.What voters are sayingReaction from St. Johns County voters was mixed.For Garrett Cook, who has watched