The Buford Board of Commissioners have tentatively adopted a millage rate that will require a property tax increase of 2.57 percent. At the first of three public hearings held on July 16, Commissioners explained the budget to be adopted by the city requires a millage rate higher than the rollback millage rate.
The tentative increase will result in a millage rate of 12.750 mills, an increase of .320 mills. Without this proposed tax increase, the rollback millage rate would be no more than 12.430 mills.
The suggested tax increase for a home with a fair market value of $225,000 is approximately $28.80 and the proposed increase for a non-homestead property with a fair market value of $675,000 is about $86.40.
Residents are invited to the remaining two public hearings on the tax increase at 10 a.m. and 7 p.m. Aug. 6 at Buford City Hall, 2300 Buford Highway.
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