The Fulton County Board of Commissioners today announces its intentions to increase the 2022 General Fund property taxes it will levy this year by 5.19 percent over the rollback millage rate.
Each year the board of tax assessors is required to review the assessed value for property tax purposes of taxable property in the county.
When the trend of prices on properties that have recently sold in the county indicate there has been an increase in the fair market value of any specific property, the board of tax assessors is required by law to re-determine the value of such property and adjust the assessment. This is called reassessment.
When the total digest of taxable property is prepared, Georgia law requires that a rollback millage rate must be computed that will produce the same total revenue on the current year’s digest that last year’s millage rate would have produced had no reassessment occurred.
The budget adopted by the Fulton County Board of Commissioners requires a millage rate higher than the rollback millage rate, therefore, before the Fulton County Board of Commissioners may set a final millage rate, Georgia law requires three public hearings to be held to allow the public an opportunity to express their opinions on the increase.
All concerned citizens are invited to the public hearings on this tax increase to be held in the Government Center Assembly Hall, 141 Pryor Street, Atlanta, GA 30303 and via video conferencing accessible via the Fulton County website at www.fultoncountyga.gov, or can be accessed via Zoom addresses at the following public meeting dates and times:
August 3, 2022 10 a.m. https://zoom.us/webinar/register/WN_n4Gv2K64SFq-LkL8uj1a3g
August 3, 2022 6 p.m. https://zoom.us/webinar/register/WN_GGU92WO0SgO6ET758WW5Gg
August 17, 2022 10 a.m. https://zoom.us/webinar/register/WN_46rIBK8mSmSRHVZGWGy-cA
Second Notice of Property Tax Increase, click here.