2007 News Archive
Millage rate set at 4.614
7/2/2007
On June 28, after three public hearings over a month-long process, City Council set a millage rate of 4.614 for the City's first fiscal year (2007). This rate will be used to determine City Property Taxes, which will be billed by the Fulton County Tax Commissioner in July and are due no later than October 15.
Though the City Charter allows Council to set a millage rate as high as 4.731, Council chose to keep the same millage rate previously levied in 2006 by Fulton County on property in the NE Fulton Special Services District, which encompassed the area now within the City of Johns Creek.
"The millage rate chosen by the Council represents an effort to manage our City's finances conservatively while at the same time demonstrate to citizens our desire to build their trust and begin increasing public service levels," said Bodker.
By comparison, current millage rates for adjoining cities are: Roswell (6.087), Alpharetta (6.60), Duluth (5.191) and Suwanee (5.77).
The millage rate is applied to each $1,000 of taxable property value. Taxable property value is calculated by taking 40% of full value to determine the assessed value of the property and then reducing the result by the amount of exemptions for which the property owner is eligible. A typical example is shown below:
$ 300,000
X 40%
_________
$ 120,000
- $ 15,000
_________
$ 105,000
$ 105.00
X 4.614
_________
$ 484.47
Full Value
Assessed Value
Less: Standard Homestead Exemption
Taxable Value
Divided by 1,000 = Taxable Value per mill
Multiplied by millage rate
City Taxes
As provided by Georgia law, property values for tax purposes are determined by the Fulton County Board of Tax Assessors. As noted above, City property tax bills will be mailed in July and collected by the Fulton County Tax Commissioner at the same time as County taxes. All property taxes are due no later than October 15.