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Buford tax rate could drop, but taxes could rise for some
0807BUFORD
A lower tax rate is proposed for Buford property owners, but for some, that won’t necessarily translate to lower taxes. The Buford Board of Commissioners is looking to set its fiscal 2017-18 tax rate Monday at 12.8 mills, down from 12.85 mills, with 1 mill equal to $1 for each $1,000 of assessed values. However, because of higher reassessments, some property owners could see a bigger tax bill. To get the city revenue-neutral, the tax rate would have to be 12.478 mills. On the other hand, property owners who didn’t see values increase will see a slight drop in taxes.