The City of South Fulton last week announced its intention to maintain the city’s property tax millage rate of 12.899 mills for tax year 2021.
When a municipal government prepares its annual digests of taxable property, Georgia law requires it to compute a millage rollback rate. That rate must produce the same revenue generated by the previous year’s millage rate had no increase in property values occurred. The government then can decide to approve the rollback rate, leave the millage rate the same or raise it.
South Fulton’s staff has recommended the mayor and city council maintain the 2020 millage rate for tax year 2021. With the rate held, residents will not see tax increases if their assessed property values remain unchanged from 2020 to 2021.