Jul 29, 2014

Report: Milton Property Values Rose in 2014

Due to the city seeing a 4.17 percent increase in its tax digest, the city is legally required to hold public hearings advertising a property tax increase.

Report: Milton Property Values Rose in 2014
Milton leaders received positive news on the financial side this week.

The city's tax digest, or total value of all real property in the city, rose 4.17 percent in 2014.

Due to the growth, the city of Milton is legally obligated to hold three public hearings and advertise a property tax increase. 

However, the city is not increasing residents' tax millage rate. By law, Milton cannot raise taxes unless a majority of voters choose to raise it. 

This increase is due solely to the reassessment of existing real estate, and the millage rate will remain at the legally mandated cap of 4.731. 

The public hearings, which will be held in the Council Chambers at Milton City Hall, are scheduled for 6 p.m. July 7, July 21 and Aug. 4.

"We want to make sure residents understand the city of Milton is not raising their taxes," said Stacey Inglis, Assistant City Manager for the city of Milton. "As a result of the increased value of property in the city, we must advertise a 'tax increase' - but it is wholly separate from what voters decide at the polls." 

Inglis said though the total digest rose 4.17 percent, values across the city varied. The Fulton County Tax Assessors Office reported some rose, while others dropped or remained stagnant. 

Property tax bills will be sent Sept. 1, and taxes are due back to the city by Oct. 31. 

For more information on the tax digest increase, please contact the City of Milton at 678-242-2500 or info@cityofmiltonga.us.

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