Lilburn to remove millage rate cap, increase homestead exemption

Following a recent public hearing, Lilburn’s Mayor and City Council voted to approve a city charter amendment that will remove the city’s millage rate cap and increase the city’s homestead exemption from $5,000 to $10,000.

The city is taking advantage of the state’s Home Rule Act of 1965 which permits the amendment of a city’s charter by ordinance without the necessity of action by the legislature.

Increasing the city’s homestead exemption from $5,000 to $10,000 comes in recognition of housing reassessments that significantly increased property values from 2021 to 2022. By increasing the homestead exemption the city will effectively reduce the tax burden on homeowners.

Charter amendments are not effective until documents are filed with the Secretary of State’s office.