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Flowery Branch gives first approval to new tax rate
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Flowery Branch City Hall - photo by Scott Rogers

Update, June 16: The 2022-23 tax rate will remain the same, but that still may mean higher taxes for some residents.

The council could have reduced the rate to 2.869 mills to keep revenues at the same amount, but chose to keep it at 3.264 mills, with 1 mill equal to $1 for each $1,000 in assessed property value.

Higher revenues are stemming largely from property reassessments.

Property tax revenue will increase from $2.2 million to $2.5 million at 3.264 mills, Finance Director Alisha Gamble said.

Those with higher property values will see a tax increase, while those with lower values will see taxes drop and those who saw values remain the same will see their taxes stay the same.

Final approval of the tax rate is set for June 23, following the third of three public hearings at 4 p.m. at City Hall, 5410 W. Pine St.

Update, June 2: The city’s budget for fiscal 2023 was tabled to June 23 to line up with passage of the tax rate.

The city is proposing to keep the tax rate at 3.264 mills, with 1 mill equal to $1 for each $1,000 in assessed property value. A $250,000 home would be taxed at $326.40.

However, residents who have seen rising property values would see their taxes go up.

And because of that, the city is holding public hearings at 9 a.m. and 6 p.m. June 16 and 4 p.m. June 23 at City Hall, 5410 W. Pine St.

A public hearing on Flowery Branch’s budget for fiscal 2023 is set for Thursday, May 26, at City Hall, 5410 W. Pine St.

The hearing is set for 9 a.m.

The budget, which takes effect July 1, includes $7.1 million in general fund expenses, with property taxes as a major revenue source. This year’s budget, which ends June 30, called for $6 million in general fund expenses.

The budget also contains hotel/motel, tax allocation district, American Rescue Plan Act and special purpose local option sales tax funds. Another key piece is a $14 million spending plan for water/sewer projects, including $10 million for the sewer plant expansion.

Final adoption of the budget is set for June 2.

Tax rate information for fiscal 2023 wasn’t immediately available. This year’s rate is 3.264 mills, with 1 mill equal to $1 for each $1,000 in assessed property value. So, a $250,000 home would be taxed at $326.40.