Flowery Branch’s tax rate staying at 3.264 mills was given first approval by City Council Thursday, June 10.
The council gave its OK following two of three public hearings on the rate.
Under state law, not rolling the rate back to a “revenue-neutral” level is considered a tax increase, and three public hearings must be scheduled. To keep the revenue amount at the same level as it was last year, the city would have to reduce the tax rate to 3.116 mills.
The third hearing is set for 6 p.m. Thursday, June 17, at Flowery Branch City Hall, 5410 W. Pine St.. The council is set to give final approval after that hearing.
Under the tax rate formula, 1 mill equals $1 for each $1,000 in assessed property value. So, a $250,000 home would be taxed at $326.40.