Kennesaw decides on tax, bond rates

The Kennesaw City Council will keep the same property tax and bond millage rates which have remained unchanged since at least 2012. Courtesy of Kennesaw

The Kennesaw City Council will keep the same property tax and bond millage rates which have remained unchanged since at least 2012. Courtesy of Kennesaw

The Kennesaw City Council decided recently to keep the same maintenance and operation and bond millage rates.

Both rates have been the same as they have been since 2012 at 8 mills for the M&O and 1.5 mills for the bond.

While the millage and bond rates are proposed to stay the same, property taxes will increase by 6.5 percent for the M&O and 6.31 percent for the bond.

The proposed tax increase for a house with a fair market value of $183,827 will be about $36 for M&O and $7 for bond rates annually.

For non-homestead property, the proposed tax increase for a house with a fair market value of $368,790 will be around $72 for M&O and $13 for bond rates.

The bond millage rate pays the debt service on the $15 million recreation and traffic safety bonds that were approved by Kennesaw voters in September 2004.

Information: Kennesaw-Ga.gov.