The City Council of Flowery Branch today announces its intention to increase the 2022 property taxes it will levy this year by 13.77% percent over the rollback millage rate. The proposed millage rate is 3.264. Historical millage rate history data is attached below.
Each year, the board of tax assessors is required to review the assessed value for property tax purposes of taxable property in the county. When the trend of prices on properties that have recently sold in the county indicate there has been an increase in the fair market value of any specific property, the board of tax assessors is required by law to re-determine the value of such property and adjust the assessment. This is called a reassessment.
When the total digest of taxable property is prepared, Georgia law requires that a rollback millage rate must be computed that will produce the same total revenue on the current year’s digest that last year’s millage rate would have produced had no reassessments occurred.
The budget tentatively adopted by the City Council of Flowery Branch requires a millage rate higher than the rollback millage rate. Therefore, before the City Council of Flowery Branch may finalize the tentative budget and set a final millage rate, Georgia law requires three public hearings to be held to allow the public an opportunity to express their opinions on the increase.
All concerned citizens are invited to the public hearings on this tax increase to be held at the Flowery Branch City Hall, 5410 W. Pine Street, Flowery Branch, Georgia 30542 on June 16, 2022 at 9:00AM and 6:00PM and on June 23, 2022 at 4:00PM.
Original source can be found here.
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