🏛️ The Gist: Dunwoody announced a proposed 5.81% increase in property taxes over the rollback rate, with public hearings set for June 26, June 27, and July 8.
📋 The Details: On June 13, 2024, the City of Dunwoody revealed its plan to increase the 2024 property taxes by 5.81% above the rollback rate. This decision follows the annual reassessment process conducted by the board of tax assessors, mandated by state law. When property values rise, as indicated by recent sales, the assessors must adjust the property’s assessed value accordingly.
To prevent municipalities from collecting additional revenue due to increased property values without voter input, Georgia law requires calculating a rollback property tax rate. This rate would yield the same revenue as the previous year, absent any reassessments. City officials maintain that Dunwoody’s budget necessitates a property tax rate higher than this rollback rate. As a result, three public hearings are required before finalizing the budget and setting the new property tax rate.
🗓️ Public Hearings:
- Wednesday, June 26, 2024: 6 p.m. at Dunwoody City Hall
- Thursday, June 27, 2024: 8 a.m. at Dunwoody City Hall
- Monday, July 8, 2024: 6 p.m. at Dunwoody City Hall
📊 By The Numbers:
- Proposed tax increase: 5.81%
- Public hearings: 3
- Dates: June 26, June 27, July 8
- Location: Dunwoody City Hall, 4800 Ashford Dunwoody Rd, Dunwoody, GA 30338
🏡 Why It Matters: The increase in property taxes impacts all property owners in Dunwoody, influencing household budgets and municipal revenue. The public hearings offer residents a platform to voice their opinions and influence the final decision.
🔜 What’s Next?: Following the public hearings, Dunwoody will finalize its budget and set the new property tax rate. Citizens are encouraged to participate in the hearings to ensure their voices are heard.
❓ What is the Millage Rate?: The millage rate is your property tax rate. Your city, county, and school system all set a millage rate. That combined number becomes your overall property tax rate. One mill represents $1 of tax on every $1,000 of taxable property.
💬 Your Take: How do you feel about the proposed property tax increase in Dunwoody? Will you attend the public hearings to express your views? Share your thoughts in the comments below!
In The Know: While much attention is given to national politics and the workings of Congress and the White House, local government meetings are where the decisions that impact your daily life are made. City Council, County Commission, School Board Meetings, and Town Halls are where your elected leaders discuss and decide the issues that most effect your family and your community. These meetings are open to the public.
Each week, The Georgia Sun highlights some of the meetings and local government actions you need to know about in your community to keep you informed and to make sure you know what decisions your elected officials are considering and how your tax dollars are being spent.
