Powder Springs Mayor Al Thurman broke the tie on July 15 to keep the same 9.5 millage rate as last year.
For several years before then, the millage rate had been 8.5.
Against keeping the millage rate at 9.5 were Councilwomen Nancy Farmer and Patricia Wisdom.
Favoring the millage rate were Councilwoman Doris Dawkins and Councilman Henry Lust.
Absent was Councilman Patrick Bordelon.
However, that millage rate will require an increase in property taxes by 6.17 percent over the rollback millage rate.
When the total digest of taxable property is prepared, Georgia law requires that a rollback millage rate must be computed that will produce the same total revenue on the current year’s digest that last year’s millage rate would have produced had no reassessment occurred.
All that to say, without this tax increase, the millage rate would have been no more than 8.948 mills instead of the 9.5 mills.
The annual tax increase for a house with a fair market value of $166,511 will be around $36.76.
The annual tax increase for nonhomestead property with a fair market value of $203,238 will be about $44.87.
Information: CityOfPowderSprings.org
About the Author
The Latest
Featured
