Sugar Hill has tentatively adopted a millage rate of 3.8 mills for 2017, which will require a 6.2 percent increase for property owners. Without this tentative tax increase, the millage rate would be no more than the calculated rollback rate of 3.578 mills.
When property values rise, the city is subject to an automatic tax rate reduction, or rollback rate, designed to keep revenues the same as in the previous year. If the city wants to keep its millage rate the same and take in more revenue, it must advertise this rollback rate as a tax increase since most homeowners would see increased bills.
Sugar Hill will hold three public hearings to discuss the proposed millage rate at 10 a.m. July 3, 6 p.m. July 5 and 7:30 p.m. July 10 at City Hall, 5039 West Broad St.
Sugar Hill has retained its millage rate at 3.8 mills for at least the past five years.
Information: www.cityofsugarhill.com.
About the Author
