City’s mill­age rate un­changed again

The Atlanta Journal-Constitution - - COUNTY BY COUNTY - KAREN HUPPERTZ FOR THE AJC

Fol­low­ing a third and fi­nal pub­lic hear­ing, the Suwanee City Coun­cil voted Aug. 28 to adopt a mill­age rate of 4.93 mills, the same rate used in the pro­posed Fis­cal Year 2019 bud­get and the same rate used by the city over the past six years.

This mill­age rate of 4.93 is higher than the cal­cu­lated roll­back rate of 4.809 mills. The adopted rate is an­tic­i­pated to gen­er­ate a 2.52 per­cent in­crease in prop­erty taxrev­enues thanks to in­creased prop­erty val­ues.

The tax­in­crease for a home with a fair mar­ket value of $300,000 is ap­prox­i­mately $30.24 and the tax in­crease for non-home­stead prop­erty with a fair mar­ket value of $720,000 is ap­prox­i­mately $72.58.

In­for­ma­tion on Suwanee’s FY2019 bud­get: www.Suwanee. com, click the Open Bud­get icon in the cen­ter of the page.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.