Following three public hearings, the Lilburn City Council voted Monday to keep the 2016 millage rate the same as last year at 4.43 mills. Though the tax rate will remain the same, the value of taxable property in Lilburn has risen over the past year. The city expects to collect a total of $94,970 more in property taxes, about 5.9 percent more than 2015.
The millage rate is the rate at which property is taxed. One mill equals $1 tax per $1,000 of assessed property value. Taxing authorities, such as the county school board, county government, state government, and municipal government, levy a tax on the assessed property value. Taxes are assessed in Georgia based on 40 percent of the real property value, which is determined by the county tax assessor.
Additional information: www.cityoflilburn.com.
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