Alpharetta Proposes 2018 Millage Rate

Released July 05, 2018 04:00 AM
The budget adopted by the Alpharetta City Council proposes to leave the millage rate at its current 5.750 level through the 2018 tax year/2019 fiscal year. The City has maintained that rate since 2009 while providing additional tax relief to citizens through a $40,000 homestead exemption; among the highest such exemptions in Georgia.

The budget includes several key capital and operating initiatives, including:

     •  Funding totaling $23 million for capital investment within our City including $4.5 million for recurring/pay-as-you-go capital initiatives aimed at ensuring our infrastructure continues to be maintained to the high standards our citizenry have come to expect. Projects include milling and resurfacing of City streets, traffic signalization equipment repair and maintenance, stormwater maintenance, replacement of a synthetic turf field at North Park, etc.; and

     •  Funding expanded Recreation, Parks & Cultural Services programs, including operations of the new Cultural Arts Center and a newly renovated and expanded Wills Park Pool; and

     •  Full absorption of the cost of street lighting along public roadways currently funded by private citizens (electric service, relamping, replacement, etc.).

While the proposed millage rate is remaining the same as in the prior year, the City is advertising an increase in property taxes of 10.19% due to the impact of property reassessments. When the total digest of taxable property is prepared, Georgia law requires the computation of a rollback millage rate that will produce the same total revenue on the current year’s digest that last year’s millage rate would have produced had no reassessments occurred. 

The proposed millage rate exceeds the rollback millage rate, therefore, before the City Council can set a final millage rate, Georgia law requires the advertisements discussed above as well as three public hearings to be held to allow the public an opportunity to express their opinions on the increase. 

The public hearings and will be held on the following dates and times in the Council Chambers at Alpharetta City Hall located at 2 Park Plaza:

     •  July 16, 2018 at 11:30 AM

     •  July 16, 2018 at 6:30 PM

     •  July 23, 2018 at 6:30 PM

Citizens are also encouraged to view the adopted budget on the City of Alpharetta website (VIEW FY2019 BUDGET) or visit our online Financial Transparency Portal.

In November, Alpharetta voters will have a chance to approve a referendum that will return the property assessments on their homes to within a few percent of their 2016 values and limit future assessment increases to the lesser of 3% or the annual rate of inflation as indicated by the Consumer Price Index. If approved, the measure would take effect next year and substantially eliminate the increase in property taxes caused by the sudden spike in tax assessments this year. The City encourages all registered Alpharetta voters to vote in November and let your voices be heard on this important referendum.