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Proposed Property Tax Increase Information

The Fulton County Board of Education announced July 10 its intention to increase the 2018 property taxes it will levy this year by 7.44 percentage over the rollback millage rate.

Each year, the board of tax assessors is required to review the assessed value for property tax purposes of taxable property in the county.  When the trend of prices on properties that have recently sold in the county indicate there has been an increase in the fair market value of any specific property, the board of tax assessors is required by law to re-determine the value of such property and increase and adjust the assessment.  This is called a reassessment.

When the total digest of taxable property 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 digest that last year's millage rate would have produced had no reassessments occurred.

The budget tentatively adopted by the Fulton County Board of Education requires that a millage rate higher than the rollback millage rate, therefore, before the Fulton County Board of Education may finalize the tentative budget and set a final millage rate, Georgia law requires three public hearings to be held to allow the public an opportunity to express their opinions on the increase.

All concerned citizens are invited to the public hearings on this tax increase to be held at the North Learning Center, 450 Northridge Parkway, Sandy Springs, Georgia on July 17, 2018 at 11:30 AM and 6:00 PM and on July 31, 2018 at Asa G. Hilliard Elementary School, 3353 Mount Olive Road, Atlanta, Georgia at 11:00 AM.

NOTE: The following ad appeared on the Fulton School District website home page and in various news media outlets on July 10, 2018. 

NOTICE OF PROPERTY TAX INCREASE 

The Fulton County Board of Education has tentatively adopted a 2018 millage rate which will require an increase in property taxes by 7.44 percent. 

All concerned citizens are invited to the public hearing on this tax increase to be held at North Learning Center, 450 Northridge Parkway, Sandy Springs, Georgia on July 17, 2018 at 11:30 am and 6:00 pm. 

Time and place of additional public hearing on this tax increase is at Asa G. Hilliard Elementary School, 3353 Mount Olive Road, Atlanta, Georgia on July 31, 2018 at 11:00 am. 

This tentative increase will result in a millage rate of 17.796 mills, an increase of 1.23 mills.  Without this tentative tax increase, the millage rate will be no more than 16.563 mills.  The proposed tax increase for a home with a fair market value of $300,000 is approximately $145.49 and the proposed tax increase for non-homestead property with a fair market value of $175,000 is approximately $86.31.

 

Click here to visit the Tax Rate Calculator

Click here to view the ad appearing in the AJC on 7/23/18

Click here to view the Current 2018 Tax Digest and 5 Year History of Levy (in thousands) - AJC Advertisement