CHAMBER RECOGNIZES COWETA’S TOP PROPERTY TAX PAYERS

The Newnan-Coweta Chamber of Commerce Board of Directors recognized at its November Board meeting Coweta’s top 20 property tax payers, while honoring all of the County’s industries, businesses and utilities for their significant contributions to the property tax base. Public 2006 property tax records from the Coweta County Tax Commissioner’s office were examined to determine the top contributors.

“As we all pay our 2007 homeowners’ property taxes, it’s important to remember that without a thriving business and industrial base, the growing population of Coweta County simply could not afford the schools and services needed,” said Chamber Chairman Mark Whitlock.

Together, Coweta’s top 20 paid more than $8,679,000 in 2006 property taxes, led by Georgia Power Company with a paid assessment of $2,438,492. The list is a diverse mix that includes manufacturers, utilities, distribution centers, retail and apartment complexes.

According to information obtained from the Tax Commissioner’s office, all commercial, industrial and utility properties, including the top 20, comprise approximately 25% of Coweta’s property tax digest, but are located on less than 4% of the County’s total acreage.

While recognizing the business community’s contribution to the property tax base, the Chamber Board also commended the Coweta County Development Authority for its work as the lead agency in recruiting and retaining quality industries.

“Along with job creation and positive economic impact, property tax infusion is another significant benefit we gain by encouraging the expansion of our industrial base,” said Whitlock. He added, “Economic development is a pro-active process that requires a community-wide team effort. The Newnan-Coweta Chamber of Commerce is proud to be a part of the team, and will continue to provide its service and support.”

With more than 700 members throughout Coweta County, the Newnan-Coweta Chamber of Commerce is an independent, nonprofit organization dedicated to increasing economic prosperity for all Coweta’s citizens. As the county’s largest business organization, the Chamber works to provide business leadership to foster an economic and cultural climate favorable to all business, in order to create a higher quality of life for all residents. –MORE-

Coweta County’s Top Property Tax Payers

2006 Tax Year

1. Georgia Power Company

2. Yamaha Motor Manufacturing Corp.

3. Coweta Fayette EMC

4. Rite-Aid Corporation

5. K-Mart Express, LLC / Corp.

6. BellSouth

7. Inland Southeast Newnan LLC

8. Georgia Transmission

9. Rayman Associates Newnan

10. Bon L Manufacturing

11. Winpack Films, Inc.

12. Inland Southeast Newnan Crossing

13. Atlanta Gas Light

14. Temple-Inland Container Corp.

15. E G O North America, Inc.

16. Newnan Development Partners LLC

17. United States Can Company

18. Lullwater Apartments LLC

19. Walmart

20. Rettco Steel LLC

Source: Coweta County Tax Commissioner’s Office