Officials consider lowering millage rate, after increase to tax digest | Gwinnett Daily Post

17
Jun

Officials consider lowering millage rate, after increase to tax digest | Gwinnett Daily Post

With the first tax digest increase since 2008, Gwinnett officials will have the option this year to roll back property tax millage rates to remain revenue neutral. But at least two officials said they would prefer to keep the same tax rates.

Commissioners Tuesday heard from staffers about options for the 2014 millage rate. While officials plan to vote on the rate July 15, staffers said they would need some direction to fufill state law requirements within the next 10 days.

Assessment notices mailed to property owners earlier this year revealed the first increase in values since the economic recession, with about 75 percent of area neighborhoods seeing an increase in value.

In all, the increased values add about $2.2 billion to the county’s tax digest, with another $300 million coming from new growth.

“The one thing that I can say with certainty is that I am not supportive of increasing the millage rate,” Commission Chairwoman Charlotte Nash said. “I believe that we will set the millage rate no higher than last year’s rate. I will be looking closely at the potential impacts between now and the date we are scheduled to adopt the millage rate in July. Of course, the opinion of each commissioner is important in this process.”

via Officials consider lowering millage rate, after increase to tax digest | Gwinnett Daily Post.

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