Fulton County
is staging three public hearings in June to get public input on this year's
millage rates.
The hearings
are necessary after the Fulton County Board of Commissioners approved
tentative millage rates for 2002 at last week's meeting.
The proposed
2002 millage rates are less than the previous year, but do not totally
compensate for the increased assessments of property in the county. The
board approved 12.88 mills for the General Fund, a reduction of .16 mills;
.28 mills for the Bond Fund, a reduction of .02 mills; and 4.59 mills
for the Special Services District Fund, a reduction of .11 mills.
Since the board
did not totally roll back the rate, three public hearings are set to discuss
the tax increase.
Citizens are
invited to the public hearings in the Fulton County Government Center
Assembly Hall, 141 Pryor Street, S.W., Atlanta, on the following dates:
June 5 at 10 a.m.; June 5 at 6 p.m.; and June 19 at 10 a.m.
Citizens may
also participate in the public hearings via video-conferencing. All three
sessions will be video-conferenced from the North Service Center, 7741
Roswell Road, Sandy Springs, and the South Service Center, 5600 Stonewall
Tell Road, College Park.
While the millage
rates are less than 2001, the county's tax digest, excluding the value
of new residential and commercial properties, increased from the previous
year. If the tentative millage rates are approved, this is considered
a tax increase under the "Taxpayer Bill of Rights."
Consequently,
the 2002 millage rates would increase property taxes in the General Fund
by 2.82 percent over the rollback millage rate, and increase the SSD Fund
by 2.71 percent over the rollback millage rate.
Each year,
the Board of Assessors is required to review the assessed value of county
residential and commercial properties for property tax purposes.
When the trend
of prices on properties that have recently sold in the county indicates
there has been an increase in the fair market value of any specific property,
the Board of Assessors is required by law to re-determine the value of
the property and increase the assessment. This is called a reassessment.
When the total
digest of taxable properties 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 new digest that last year's millage rate
would have produced had no reassessment occurred.
Georgia law
requires that three public hearings be held to allow the public opportunities
to express opinions on the proposed increase in property taxes.







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