Roswell Proposes No Change in Tax Rate

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The city of Roswell has scheduled three public hearings on its proposed millage rate for fiscal year 2016.

The Mayor and City Council will hold public hearings at 7 p.m. May 11; 6:30 p.m. May 18; and 7 p.m. May 27. All meetings will be held in the Council Chambers at Roswell City Hall.

The city is proposing to keep the millage rate for fiscal year 2016 at 5.455 mills. The millage rate is the tax rate applied to property. Each mill represents $1 of tax assessment per $1,000 of assessed property value.

While Roswell is estimating a 1 percent increase in property values, the actual change will not be available until the official property digest is received from the Fulton County Tax Commissioner in July.

If there is an increase in property values once the digest is released, Roswell may see an increase in property tax revenue.

Roswell’s proposed property tax rate of 5.455 mills is among the lowest in metro Atlanta and has remained unchanged since fiscal year 2009.

Roswell City Hall is at 38 Hill Street.

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