Fulton Co. commissioners propose nearly 13% tax increase, hold final public hearing before vote
The Fulton County Board of Commissioners proposed a property tax increase for homeowners at the end of July.
The plan, put forth by the commissioners ahead of public comment sessions, was announced July 24, announcing a proposal of increasing property taxes by 12.8% over the rollback millage rate.
The first two public comment sessions were held on Aug. 2 at 10 a.m. and 6 p.m.
The final meeting was Wednesday morning.
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According to the county, the board of tax assessors is required to review assessed values in Fulton County to check on taxable property.
As prices on properties sold in the county have trended upward, county officials said it showed an increase in the fair market value of property, so the tax assessors are required by law to reassess taxable values.
To that end, when the tax digest for Fulton County is prepared state law requires rollback millage rates to produce the same total revenue as the year before.
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Now, the county budget adopted by the Board of Commissioners requires a higher millage rate than the rollback millage rate, so public hearings were needed before the county could increase taxes on homeowners and property owners.
With the final public comment session held Wednesday at 10 a.m., commissioners will have to hear from the public both for and against the proposed nearly 13% tax increase before making a final decision.
The commission meeting is still in progress and can be viewed online.
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