Fulton County would cut property tax rates more than 7 percent this year if the Board of Commissioners approves the proposal next month.
The reduction would give the owners of a $275,000 home a $72 tax break – assuming their home did not increase in value. Those whose property saw a big increase in value could still see a property tax increase.
The proposed rates also would create a $13.4 million hole in the county’s $628.7 million general fund budget. The hole could grow to as much as $20 million, depending on tax assessment appeals, county officials say.
That may leave commissioners looking for ways to cut spending later this year – a prospect that could revive long-standing tensions between commissioners who prioritize lower taxes and those who want better services.
“We have learned through painful experience that people aren’t so thrilled with the (property tax) rollback when their libraries are closed,” said Commissioner Emma Darnell.
“I think folks want quality services and a rollback,” responded Commissioner Liz Hausmann. “I think it’s our job to provide that to the community.”
Property tax rates have been a sore subject with many taxpayers since commissioners approved a 17 percent increase in tax rates last year – the first such increase in 23 years. Supporters said the tax hike was needed to pay for popular services. Opponents said Fulton should have cut spending to balance its budget.
A lawsuit seeking to overturn last year’s tax increase is still pending. Meanwhile, commissioners must agree on this year’s rates.
Commissioners will make a final decision after a public hearing next month. In the meantime, they voted 4-3 Wednesday to advertise this year’s maximum tax rates.
The proposed tax rate for Fulton’s general fund – which pays for countywide services like courts, libraries and social services – would be 10.911 mills, down from 11.781 mills this year.
Residents of unincorporated south Fulton – who pay an additional property tax for police, fire and other services not provided countywide – would see their tax rate fall from 12.469 mills to 11.579.
The commission cannot approve final rates that are higher than the ones it advertises, though it can approve rates that are lower.
About the Author
