Forsyth County Announces Property Tax Rates and Public Hearings Before Adoption
The Forsyth County Board of Commissioners has announced its intention to maintain the County’s Maintenance & Operations millage rate (4.791 mills), while decreasing the Bond millage rate (0.600 mills) and increasing the Fire millage rate (2.505 mills). Due to the growth in the tax digest, Maintenance & Operations property taxes levied by the County this year will increase by a net 3.95% over the rollback millage rate. The proposed County Maintenance & Operations rate remains unchanged at 4.791 mills. The proposed Fire rate increased from 2.175 mills to 2.505 mills.
The proposed Bond rate decreased from 0.930 mills to 0.600 mills. These rates will fund the County’s 2025 General Operating Budget, which is currently in the preliminary stages of development. Forsyth County continues to have millage rates among the lowest in metro Atlanta.
A growth of 7.11% in Forsyth County’s tax digest means that the anticipated total collections will increase. Of the 7.11% growth, 3.05% is due to new construction in 2023 and the remaining 4.06% is the result of increased values from reassessments.
Any change in an individual tax bill will depend upon the change in assessed valuation for that property, and the value of any Homestead Exemption, which may also change with the assessed value.
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 or growth occurred.
The preliminary 2025 budget presented to the Forsyth County Board of Commissioners is based on a millage rate higher than the rollback millage rate, therefore before the 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 and encouraged to attend the public hearings:
Thursday, July 18, 2024, at 5 p.m.
Thursday, August 1, 2024, at 11 a.m.
Thursday, August 1, 2024, at 6 p.m.
The three public hearings will be held at the Forsyth County Administration Building located at 110 E. Main Street, Suite 220, in Cumming. Adoption of the millage rate is slated for 6:30 p.m. on Aug. 15, 2024, as part of the Board of Commissioners Regular Meeting.