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Proposed FY 2018 Property Tax Rate to Remain the Same

Post Date:05/09/2017 4:18 PM
The City of Roswell is proposing the millage rate for fiscal year 2018 remain at 5.455 mills. The proposed millage rate includes 5.205 mills for Maintenance and Operations and 0.250 mills for Debt Service. The millage rate is the tax rate applied to property. Each mill represents $1 of tax assessment per $1,000 of assessed property value.

The City is estimating a 1.50 percent increase in property values. The actual change, however, will not be available until the official property digest is received from the Fulton County Tax Commissioner in July 2017. 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.

Mayor and Council will hold three public hearings on the proposed millage rate in the Council Chambers at Roswell City Hall, 38 Hill Street, on the following dates:

• May 22, 2017 at 7:00 p.m.
• May 31, 2017 at 6:30 p.m.
• June 12, 2017 at 7:00 p.m.
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