DeKalb County's property tax rate is expected to remain the same this year, though many residents will pay higher tax bills because of rising home values.
Millage rates for unincorporated residents will likely stay at their current level of 20.81 mills, said DeKalb Budget Director Jay Vinicki said during a meeting with county commissioners Friday. Cities’ property tax rates are still being determined.
Interim DeKalb CEO Lee May plans to propose tax rates and a midyear budget by June 21, and then the DeKalb Commission may vote on the government's $1.3 billion spending plan July 12.
DeKalb property tax rates declined slightly last year, saving roughly $50 a year on a $300,000 house located in an unincorporated area.
But tax bills are still increasing for some residents because the assessed values of their properties are going up. Those values, along with tax rates set by local governments, are used to set property tax bills.
Residential real estate assessments rose an estimated 7.9 percent in DeKalb this year, according to the preliminary tax digest figures.
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