JOHNS CREEK, GA—The City of Johns Creek is currently in the process of establishing its 2009 millage rate. Because the city was not incorporated until Dec. 1, 2006, it cannot publish a five-year history of its tax digest, property tax revenues, and millage rate as is normally required. However, the city has published the information that is available for 2007, 2008 and 2009.
Each year the Fulton County 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 indicated 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 adjust the assessment. This is called a reassessment.
As a result of reassessment, the total amount of property tax collected by the city under the current millage rate is expected to decrease by 2 percent. This decrease does not include additional tax revenue generated by new construction and improvements to property.
Before the City of Johns Creek sets the final millage rate for 2009, three public hearings will be held to allow the public an opportunity to express their opinions. All concerned citizens are invited to attend and participate in the public hearings, which will be held at Johns Creek City Hall Council Chambers, 12000 Findley Road, Suite 300, at the following dates and times:
Monday, Aug. 24, 11:30 a.m. *First Public Hearing
Monday, Aug. 24, 6 p.m. *Second Public Hearing
Monday, Sept. 14, 7 p.m. *Third Public Hearing
Action to adopt the final millage rate for 2009 is scheduled to take place at the Council meeting on Monday, Sept. 14, which begins at 7 p.m.
Labels: fulton county, johns creek, millage rate, property tax, public hearings, tax assessor
