South Fulton
residents have a chance next week to voice their opinions on the county's
property tax rate.
Fulton County
commissioners recently proposed a 2001 tax rate that is less than last
year's rate, but according to the definition in state law, taxes are going
up.
That's because
the value, for taxation purposes, of most county property has increased
through reassessment, so that even though tax rates may be reduced, the
amount of money residents pay is increased.
The board approved
13.04 mills for the general fund, a reduction of .27 mills; .30 mills
for the bond fund, a reduction of .08 mills; and 4.70 mills or the Special
Services District fund, a reduction of .06 mills.
A mill is one
dollar per thousand dollars of a home's assessed value. Assessed value
is 40 percent of the market value minus any exemptions.
If the tentative
millage rates are approved, this is considered a tax increase under the
Taxpayer Bill of Rights.
When the total
digest of taxable property is prepared, Fulton officials said that Georgia
law requires that a rollback millage rate must be computed that will produce
the same total revenue on the current year's new digest that last year's
millage rate would have produced had no reassessment occurred.
Consequently,
the 2001 millage rates would increase property taxes in the general fund
by 3.6 percent over the rollback millage rate, and increase the SSD fund
by 3.68 percent over the rollback millage rate.
Citizens are
invited to the public hearings, which will be in the Fulton County Government
Center assembly hall, 141 Pryor St., S.W., Atlanta next Wednesday at 10
a.m. and 6 p.m.; and Wednesday, June 20 at 10 a.m.
Residents also
can participate in the public hearings via video-conferencing. All three
sessions will be video-conferenced from the South Service Center, 5600
Stonewall Tell Road, College Park.
Georgia law
requires that three public hearings be conducted to allow the public opportunities
to express opinions on the proposed increase in property taxes.







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