An increase in digest revenue from new and existing property will allow Peachtree City to not raise its property tax rate for 2018. AJC file photo

Peachtree City adopts new millage rate

Buoyed by a nearly 12.5 percent increase in property tax digest growth this year, the City Council of Peachtree City voted 5-0 on Aug. 17 to establish a maintenance and operation millage rate of 6.232 for FY2018, a decrease of 0.524 mills from the 2017 rate.

Financial Services Director Paul Salvatore explained that revenue from reassessments of current property, combined with added growth from new properties, will allow the city to have no increase in its tax rate. The new bond millage rate was set at 0.273 mills, down 0.036 mills from the current rate.

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