Forsyth County Announces Property Tax Rates M&O, Fire Rates Expected to Remain the Same, Bond Rate to be Reduced; Increase in Tax Dollars from Growth in Tax Digest
Threepublic hearings to allow for public input
The Forsyth County Boardof Commissioners today announces its intention to maintain the county’sMaintenance & Operating and Fire millage rates currently in place with nochange. Due to the growth in the tax digest, Maintenance & Operatingproperty taxes levied by the County this year will increase by a net 2.07% overthe rollback millage rate.
The proposed countyMaintenance & Operations rate remains unchanged at 4.791 mills. Theproposed Fire rate remains unchanged at 2.175 mills. The proposed Bond ratewill be reduced to 0.930 mills, a 4.1% decrease. These rates will fund thecounty’s 2021 general operating budget, which is currently in the preliminarystages of development. Forsyth County continues to have millage rates among thelowest in metro Atlanta.
A growth of 4.67% inForsyth County’s tax digest means that, while the county is maintaining thesame millage rates with no change, the anticipated total collections willincrease. Of the 4.67% growth, 2.55% is due to new construction in 2019 and theremaining 2.12% comes from increased values from reassessments.
Any change in anindividual tax bill will depend upon the change in assessed valuation for thatproperty, and the value of any Homestead Exemption, which may also change withthe assessed value.
When the total digest oftaxable property is prepared, Georgia law requires that a rollback millage ratemust be computed that will produce the same total revenue on the current year’sdigest that last year’s millage rate would have produced had no reassessmentsor growth occurred.
The preliminary 2021budget presented to the Forsyth County Board of Commissioners is based on amillage rate higher than the rollback millage rate, therefore before the Boardof Commissioners may set a final millage rate, Georgia law requires threepublic hearings to be held to allow the public an opportunity to express theiropinions on the increase.
All concerned citizensare invited and encouraged to attend the public hearings:
Thursday,July 9 at 11 a.m.
Thursday,July 9 at 5 p.m.
Thursday,July 23 at 6 p.m.
All three public hearingswill 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 6:30p.m. on July 23 as part of the Board of Commissioners’ regular meeting.
These public hearings shall be both in person, with a quorum of the Board physically assembled, and via teleconference pursuant to O.C.G.A. 50-14-1(g). The public may physically attend these meetings. However due to COVID 19 concerns, remote viewing and participation is encouraged. Information for remote viewing and participation will be made available in the banner section of www.forsythco.com prior to the meetings.
Advertisement (June 24, 2020) - Notice of Property Tax Increase
Current 2020 Tax Digest and 5 Year History of Levy