And property owners in the last unincorporated part of the county, the Fulton County Industrial District, will pay a tax rate of 12.16 mills to cover the cost of police, fire and other municipal services for the entire year. They will also pay the South Fulton portion, 4.43 mills, because they were part of that area before the city was formed.
Fulton County Commissioner Lee Morris said costs to provide municipal services to the Fulton Industrial area had risen with South Fulton’s formation.
“I understand it’s a smaller area,” Morris said. “They don’t have the economies of scale with a smaller area.”
Commissioners agreed to the tax rates unanimously, with Commissioner Liz Hausmann voting via phone. The seven-member board is down to five members, but still needed four votes for the tax rate to pass. The commission meeting was delayed by nearly an hour Wednesday, until Commissioner Emma Darnell arrived, because without her, the county did not have a quorum to start its meeting.
The county tax rates are just one part of the bill residents will see. Cities and school districts are also setting their tax rates.
Normally, tax bills are sent in August, and money is collected in October. This year, Fulton leaders hope to have the bills in the mail by mid-October, with money due by mid-December.
The bills are delayed because Fulton sent a second round of assessments — in most cases, at the same level they were last year — after residents were shocked to find huge increases in their property values. Fulton County for years had been neglecting assessments that would have kept up with rising values.
Because the tax bills are delayed, Fulton Chief Financial Officer Sharon Whitmore said she expects collections to be lower than usual — 90 percent, as opposed to 96 percent. That translates into about $22 million less in the county coffers at year-end than was originally anticipated.
“Ninety percent, I believe, is an aggressive collection percentage,” Whitmore said.
The county can still collect the tax money into 2018, applying it to 2017’s expenses. But it complicates a process that has already had a wrench thrown in it. Whitmore said departments were under-spending their budgets, so the county probably won’t have to cut staff or programs, even with the delayed revenue.
Fulton had a tight timeline to set its tax rate and must send bills soon: it has to pay back a $200 million loan by Dec. 29, and only has $146 million in reserves, not enough to cover the bill. The expected collections for the county's general fund should be between $430 million and $435 million, Whitmore said.
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The congregation sees this as a chance to meet new people and help whoever is in need from the storm.