Property taxes in DeKalb County will be cut for the first time in 11 years, according to Interim DeKalb CEO Lee May’s proposed budget unveiled today.
The budget also provides start-up funding for police body cameras, beefs up reserve funds and raises overall annual spending to $1.33 billion, a 5 percent increase.
The tax reduction amounts to $50 in yearly savings for the owner of a house valued at $300,000, or $34 in savings on a $200,000 home.
The economic recovery along with rising property values have created a windfall for the county’s tax collections, allowing it to reduce tax rates.
“It’s a sign of the economy turning around,” May told the commission this morning. “The economy is growing at a very exciting pace.”
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