by Properly, Abdur-Rahman
July 1, 2025
Earlier than the tax enhance is permitted, the Fulton County Board of Commissioners should maintain three public conferences to listen to the group’s considerations.
The Fulton County Board of Commissioners has new plans that can impression property homeowners within the Atlanta metro space.
The board introduced its plans to extend property taxes by over 12% of the rollback millage charge. In accordance with Investopedia, a millage charge is the quantity of tax payable per greenback of a property’s assessed worth. The aim: to extend funds to the 2025 Normal Fund, which helps county providers and common repairs.
The board will impose the brand new taxes at 12.49%, as reported by WSB-TV.
“Every year, the Board of Tax Assessors is required to evaluation the assessed worth for property tax functions of taxable property within the county,” county officers stated in a press release. “When the pattern of costs on properties which have just lately bought within the county signifies there was a rise within the truthful market worth of any particular property, the board of tax assessors is required by regulation to re-determine the worth of such property and modify the evaluation.”
In accordance with Hoodlinethe brand new millage charge would sit at 9.87 mills, a 1.096 enhance from its present placement. If permitted, this may impression property homeowners in Fulton County by bringing an annual tax enhance of roughly $213.72, if their houses are valued at a good market value of $562,500. For non-homestead properties valued at $875,000, this may end in a tax enhance to $383.60.
Nonetheless, earlier than the board can formally approve this enhance, it should maintain three public conferences to deal with residents’ considerations. They are going to be at Fulton’s Authorities Heart Meeting Corridor. Two will happen July 9, with one other on Aug. 6. Each can even have digital participation choices.
Following the conferences, the board will approve a last millage charge for the yr.
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