It's official: most Peachtree City residents will see an increase in their city property taxes.
The City Council voted early Friday morning to hold its millage rate, used to calculate property tax rates, at 5.283 mills for the 2005-2006 fiscal year. Most homeowners will realize a net increase in their property taxes due to increases from annual property reassessments.
It would have cost roughly $340,000 for the City Council to roll back the millage rate to offset the reassessment increases. The vote to hold the millage rate this year was unanimous, with Councilwoman Judi-ann Rutherford absent.
Despite the effective raise in property taxes, several council members have noted that the millage rate could have been rolled
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