Alpharetta plans to keep its property tax rate unchanged, but may change how it’s calculated.
Under the proposal, taxes collected for essential city services and capital investments would increase, but taxes needed to pay towards bond debt would decrease.
State law requires the city to hold public hearings for residents to learn more about the changes. The meetings be held at Alpharetta City Hall at 6:30 p.m., June 1, 15 and 22.
The city’s proposed budget for fiscal year 2021 includes increased costs for maintenance, operations for city services and capital investments. That increase, under the proposal, would be offset with funds from a general obligation bond that would also pay for city projects, according to a city statement.
The changes would help the city with revenue shortfalls caused by the coronavirus pandemic, the statement added.
The city’s current homestead exemption -- the amount removed from the assessed value of a home -- is $45,000 and would not change under the proposal.
