FY 2019 Digest
The City of Lawrenceville today announces its intention to increase the Fiscal Year 2019 property taxes it will levy this year by 4.55 percentage 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 a 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 reassessments occurred.
The budget proposed by the City of Lawrenceville requires that a millage rate higher than the rollback millage rate, therefore, before the City of Lawrenceville may finalize the proposed budget and 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 at the City Hall, 70 South Clayton Street, Lawrenceville, Georgia on July 2, 2018 at 7 p.m. and July 11, 2018 10 a.m. and on July 11, 2018 at 6:30 p.m.
The City of Lawrenceville Mayor and Council does hereby announce that the millage rate will be set at a meeting to be held at the City Hall located at 70 S Clayton Street on July 11, 2017 at 7 p.m. and pursuant to the requirements of $48-5-32 does hereby publish the following presentation of the current year’s tax digest and levy, along with the history of the tax digest the levy for the past five years.
CURRENT 2017 TAX DIGEST AND FIVE YEAR HISTORY OF LEVY
Real & Personal
Timber/Heavy Duty Equipment
Less M&O Exemptions
Net M&O Digest
Gross M&O Millage
Net M&O Millage
Net Taxes Levied
Net Taxes $ Increase
Net Taxes % Increase
PUBLIC NOTICE – TAX INCREASE
The Gwinnett County Tax Assessor is required to review the assessed value of property in the county which includes the cities on a regular basis. When there is a change in the fair market value of property, the Tax Assessor must adjust the value of real property to reflect that fair market value of real property in the County. This process is known as property reassessment.
The Lawrenceville City Council is carrying out a deliberate strategy to increase the quality of life for the citizens of the City by providing additional high quality municipal services. In previous years the City has rolled back the millage rate so that there was a net tax savings. By not ‘rolling back’ the millage and adopting a millage of 1.909, which is the same as last year, instead of 1.826, the City must advertise a tax increase.
The City of Lawrenceville has tentatively adopted a millage rate which will require an increase in property taxes by 4.55%. All concerned citizens are invited to a public hearing on this tax increase to be held on July 2, 2018 at Lawrenceville City Hall at 7 p.m. Times and places of additional hearings on this increase are at Lawrenceville City Hall on July 11, 2018 at 10 a.m. and 6:30 p.m. The tentative increase will result in a millage rate of 1.909 mills, an increase of .083 mills. Without this tentative increase, the millage rate will be no more than 1.826 mills.
The proposed tax increase for a home with a fair market value of $200,000 is approximately $6.64 and the proposed tax increase for a non-homestead property with a fair market value of $550,000 is approximately $18.26.