City: Increased Property Values Keep Millage Rate Steady
Increased property values overall mean Dunwoody city officials plan to keep the millage rate the same next fiscal year. Public hearings on the plan will be held in June.
The City of Dunwoody will consider setting the millage rate for real estate at a maximum of 2.74 mills following the recent revaluation of real property tax assessments, according to a news release.
The decision would preserve the same mill rate taxpayers have had since the city's incorporation in 2009.
The city received notice of its second year-over-year increase in the real and personal tax digest for 2014 as a result of the revaluation of real property tax assessments. Notwithstanding this increase in the overall tax digest for real property, the digest has dropped by about 5 percent since the city’s incorporation in 2009.
By keeping the millage rate at 2.74 mills since incorporation, one of the lowest millage rates of any similarly-sized city in the Atlanta metro area, Dunwoody property owners may see an increase or a decrease in their real estate taxes in 2014, depending on whether individual property gained or lost value this year.
The City of Dunwoody does not have direct control or influence over the valuations of the tax assessor’s office.
The city will hold three public hearings to receive taxpayer comments on the recent revaluation of real property tax assessments. The public may attend information meetings at 6 p.m. and 7 p.m. on June 9 at City Hall, 41 Perimeter Center East in Dunwoody.
The final information meeting will be held at 7 p.m. June 24 at City Hall. The City Council will vote on a final tax rate for FY 2014 at that meeting.