From Georgia Politico:
Of the five properties we have records for, Cagle’s disclosure values them at $1,210,000. Tax Records value them at approximately $745,100. It APPEARS Cagle has over-estimated his property values by nearly half a million dollars.
The reason I bring this up is twofold.
First, property value has become a big deal in these races. Nathan Deal is manipulating his for obvious reasons – Why is Cagle significantly overestimating his?
Second, I am by no means an expert of property taxes, but it seems like the school system could use that money. In Gainesville, Cagle paid roughly 1% of his property’s value in tax. If his property is actually worth the extra $500,000, he should pay 1% ($5,000) to his local school board. I am sure they could use the money.