Suwanee Proposes 2015 Millage Rate, Same as Last 2 Years

Suwanee leaders have proposed a millage rate of 4.93 mills for 2015, the same rate used by the city over the past two years.

That rate, however, is higher than the calculated rollback rate of 4.70 mills —this is the rate that would be expected to generate the same total revenue as the previous year.

City Council is expected to adopt a fiscal year 2015 millage rate at its August 26 meeting. Because the proposed rate is anticipated to generate a 4.89 percent increase in property tax revenues, due to rising property values, the City of Suwanee will hold three public hearings on this increase.

The millage rate public hearings will be in Council Chambers on the second floor of City Hall at:

§ 5:30 p.m. Thursday, August 14

§ 12 p.m. Tuesday, August 26

§ 6:30 p.m. Tuesday, August 26

The proposed 4.93 millage rate will result in a tax increase of approximately $20.70 for a home with a fair market value of $225,000 and an increase of $50.60 for a nonresidential property with a fair market value of $550,000.

— From City of Suwanee press release