The city of Kennesaw expects to collect more in taxes this year even though it is keeping the tax rate the same, and the city will be holding public hearings to get resident feedback about the proposed increase.
Kennesaw announced Tuesday its proposal to collect $291,218 more in taxes to run the city this year. The city received $9,142,270 in such taxes last year, according to data it provided The Atlanta Journal-Constitution.
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Although the city’s tax rate of 8.0 isn’t expected to change this year, Kennesaw will collect more from residents as a result of higher property values.
Because the city is collecting more money on the same rate — instead of rolling back to a revenue-neutral tax rate that takes into account higher values — keeping the rate the same is considered a tax hike.
Kennesaw spokeswoman Jolene Butts Freeman said that “we are preparing our next fiscal year budget and have not determined the operating expenditures.”
As mandated by law when there’s an increase, there will be public hearings at the council chambers, 2529 J.O. Stephenson Ave., on July 16 at 6:30 p.m. and on Aug. 6 at 10:30 a.m. and 6:30 p.m.
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