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Forsyth County Announces Property Tax Rates Bond Rate to be Reduced; M&O, Fire Rates Expected to Remain the Same; Increase in Tax Dollars from Growth in Tax Digest

Threepublic hearings to allow for public input

 

TheForsyth County Board of Commissioners today announces its intention to maintainthe county’s Maintenance & Operating and Fire millage rates currently inplace with no change. The Bond Rate is advertised to be reduced.  Due to growth in the tax digest, Maintenance& Operating property taxes levied by the County this year will increase bya net 4.46% over the rollback millage rate.

 

The proposed countyMaintenance & Operations rate remains unchanged at 4.642 mills. Theproposed Fire rate remains unchanged at 1.975 mills. The proposed Bond rate willbe reduced one tenth of a mill to 1.319 mills. These rates will fund thecounty’s 2019 general operating budget, which is currently in the preliminarystages of development. Forsyth County continues to have millage rates among thelowest in metro Atlanta.

 

A growth of 8.02% inForsyth County’s tax digest means that, while the county is maintaining thesame millage rates with no change, the anticipated total collections willincrease. Of the 8.02% growth, new construction in 2017 has added 3.41% to thetax digest. The remaining 4.61% comes from increased values from reassessments.

 

Any change in anindividual tax bill will depend upon the change in assessed valuation for thatproperty.

 

When the total digest oftaxable property is prepared, Georgia law requires that a rollback millage ratemust be computed that will produce the same total revenue on the current year’sdigest that last year’s millage rate would have produced had no reassessmentsor growth occurred.

 

The preliminary 2019 budgetpresented to the Forsyth County Board of Commissioners is based on a millagerate higher than the rollback millage rate, therefore before the Board ofCommissioners may set a final millage rate, Georgia law requires three publichearings to be held to allow the public an opportunity to express theiropinions on the increase.

  

All concerned citizensare invited and encouraged to attend the public hearings:

Thursday,July 5 at 11 a.m.

Thursday,July 5 at 5 p.m.

Thursday,July 19 at 6 p.m.

 

All three public hearingswill be held at the Forsyth County Administration Building located at 110 E.Main Street, Suite 220, in Cumming. Adoption of the millage rate is slated for July19 at 6:30 p.m. as part of the Board of Commissioners’ regular meeting. 


Advertisement (June 27, 2018) - Notice of Property Tax Increase

Advertisement (July 11, 2018) - Notice of Property Tax Increase 

Current 2018 Tax Digest and 5 Year History of Levy 

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