Flowery Branch is looking to hold the line on its property tax rate, but that doesn’t mean residents’ taxes will stay the same.
The proposed rate is 3.264 mills, which is the same as the current rate. However, because of higher property values, the city stands to gain more tax revenues. To keep revenues the same, the rate would have to be rolled back to 3.078 mills, according to city officials.
One mill is equal to $1 for each $1,000 in assessed property value.
Taxes on a home with a fair market value of $225,000 would be $293.76 under the proposed rate, but would be $277.02 under the rollback rate.
“With all the growth we’ve got coming, all the homes we’ve approved, we’ve got so many needs, particularly law enforcement,” Mayor Mike Miller said Monday, June 4. “Residences will pull more resources than they can contribute. It just seems like the right thing to do … and will allow us to focus on some infrastructure issues.”
Some property owners with higher values through reassessments would see a tax increase on the city portion of their tax bill, but the county portion could drop thanks to a service delivery agreement between Hall County and its cities last year.
As part of that agreement, approved by the state, county tax rates were trimmed in Hall cities to avoid double dipping into into taxpayers’ pockets for services offered by the cities and the county.
Flowery Branch tax increase public hearings
When: 9 a.m. and 6 p.m. June 20; 6 p.m. June 28
Where: City Hall, 5410 Pine St., Flowery Branch
The South Hall city is holding three public hearings on the tax increase, as required by state law when a government proposes a tax rate higher than the rollback rate.
The hearings are scheduled for 9 a.m. and 6 p.m. June 20 and 6 p.m. June 28.
The hearings will take place at Flowery Branch City Hall, 5410 Pine St.
Property taxes are a key revenue source in the city’s budget.
A copy of the proposed fiscal 2018-19 budget will be available for public review beginning June 20 at City Hall.
The budget, which will become effective July 1, will be considered for adoption by the City Council at 6 p.m. June 28.