Saturday, June 10, 2023

City of Dunwoody to hold public hearing Monday at 8 am & 6 pm for Tax Rate discussions.

 

 Link to Millage Rate Explanation

DUNWOODY CITY COUNCIL

SPECIAL CALLED MEETING

JUNE 12, 2023 - 8:00:00 AM

DUNWOODY CITY HALL - DUNWOODY HALL

4800 ASHFORD DUNWOODY ROAD

DUNWOODY, GEOGIA 30338

Agenda 8 am  - City Site Agenda 

Please click this URL to join. https://dunwoodyga-gov.zoom.us/j/81306520136

Monday morning at 8 am the Dunwoody City Council (and again at 6 pm), will be holding public hearings regarding our plan to maintain the current (and I believe maximum without citizen vote) millage tax rate of 3.040 mills.  Because commercial and non-homestead properties went up in value but most owner occupied homes did not, the city is projected to collect a few extra dollars even at the same tax rate, therefore we need to have hearings to tell you that.   

What is not yet calculated by staff is what is the City of Dunwoody's cost of doing business but I can tell you the expenses are going up and the slight increase in revenue will be stretched thin to cover those expenses.

One thing I know for sure, the Dunwoody Police Officers compensation will be thoroughly scrutinized by the administration, and Council and then possibly raised to match or at least be comparable to our neighbors.

Staff proposed to keep the city’s millage rate frozen this year at 3.040 mills. About one third of city’s General Fund budget is funded through property taxes. Now that the draft city digest figures are in, the Council must adopt the millage rate. There needs to be three public hearings per state law. The selected dates were those on which the city already had a scheduled Council meeting: June 12 (8 a.m. and 6 p.m.) and one on July 10 (6 p.m.)

State law also requires the city to advertise a 1.57% increase in taxes, despite the city having a law on its books where all homesteaded properties home values are frozen for city tax purposes. Approximately 85% of all residential properties have their values frozen, meaning unless the rate goes up, their city taxes will not go up. The rate is being held constant this year.

Also, all homestead properties receive an additional one mill reduction, so their effective tax from the city is 2.040.

If the other governments with taxing jurisdiction keep their rates the same, the 2023 bill for a typical Dunwoody home ($500K value frozen at $400k) will look as follows.

Based on staff calculations, the typical City of Dunwoody residence will be paying $296 a year (or .81 cents a day) for city services.

1 comment:

  1. If my expenses go up, I find something to cut back on.
    What expenses are you looking at to decrease or eliminate?

    ReplyDelete