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The original item was published from 6/26/2014 2:47:59 PM to 7/16/2014 12:10:00 AM.

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City of Lilburn News Releases

Posted on: June 26, 2014

[ARCHIVED] Lilburn City Council schedules tax rate approval

For immediate release

June 26, 2014

Lilburn Council schedules approval of tax rate

The Lilburn City Council is scheduled to adopt the 2014 millage rate on July 14. The millage rate is proposed to remain the same as last year.

The millage rate is the rate at which property is taxed. One mill equals $1 tax per $1,000 of assessed property value. Taxes are assessed in Georgia based on 40 percent of the real property value, which is determined by the county tax assessor. Taxing authorities, such as the county school board, county government, state government, and municipal government, levy a tax on the assessed property value.

The City of Lilburn’s proposed millage rate is 4.45 mills, the same as 2013. However, the city expects to collect a total of $62,735 more in property taxes, about 4.18 percent more than 2013. This is because assessed property values in Gwinnett County have risen as the economy continues to improve. Because the total amount of taxes collected citywide will increase, the state considers this to be a tax increase. Three public hearings are required.

Public hearings:

July 3, 2014, at 10 a.m.
Lilburn City Hall, 76 Main St., Lilburn, GA 30047

July 3, 2014, at 6 p.m. Lilburn City Hall, 76 Main St., Lilburn, GA 30047

July 10, 2014, at 6 p.m.
Lilburn City Hall, 76 Main St., Lilburn, GA 30047

Millage rate approval scheduled:

July 14, 2014, at 7:30 p.m. Lilburn City Hall, 76 Main St., Lilburn, GA 30047

Media Contact:
Sheila McGaughey, Finance Director, smcgaughey@cityoflilburn.com, 770-638-2222

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