LaFayette Ridge homeowners received tax assessments from Walton County on Saturday. Home values were down, around 13% on average, resulting in an expected lowered property tax to be released in the near future (assuming the millage rate remains the same).
The lowered values are disappointing, but were anticipated given the state of the current housing market. The resulting lowered property tax bill will be greatly appreciated to many in the neighborhood and in Walton county overall.
Update: The rumor around Walton County is that the millage rate will indeed go up. Our hopes of lowered property tax bills may not be the case after all.
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