Real and Personal Property Tax Abatement
The Development Authority of Fulton County (DAFC) issues taxable and tax-exempt bonds for qualified economic development projects across Fulton County.
The interest may be taxable or tax-exempt from income taxation, facilitate financing for a company or institution, allowing the company to buy land, build new facilities, expand existing facilities, upgrade equipment, or otherwise make investments that enhance value and create jobs within Fulton County. For projects meeting certain criteria, the DAFC issues a taxable bond (for which the client must identify a purchaser). The Authority holds ownership of the property and leases it to the client.
The leasehold interest in the property is initially valued, for ad valorem tax purposes, at 50% of the assessed fee interest, and that value increases by 5% annually over a 10-year period. Thereafter, the leasehold interest terminates, and the property is fully taxable.
Workforce Training Assistance
WorkSource Fulton offers an array of services to businesses entering Fulton County both collaboratively and independently. Our Business Services initiative allows the Workforce Development Division to establish employment partnerships with private and public sector companies to meet the company’s employment needs when vacancies occur. Our highly skilled team of Business Consultants refers qualified clients that are screened and assessed, with the best qualified applicants being referred to your organization as potential candidates.
Bond financing applicants, whose projects are subject to DAFC qualifying guidelines, must first complete an application to be reviewed by DAFC staff. The professional staff of the DAFC evaluates each proposed project, including the number and quality of new jobs each project creates, and works in conjunction with the Fulton County Board of Assessors as applicable.