6/04/2013New Real Estate Valuations Issued for Dunwoody
NEW REAL ESTATE VALUATIONS ISSUED FOR DUNWOODY
Millage Rate Will Not Rise as Overall Tax Assessments Increase for First Time Since City’s Incorporation
Dunwoody, GA – June 4, 2013 – The City of Dunwoody will consider setting the millage rate for real estate at a maximum of 2.74 mills following the recent revaluation of real property tax assessments, preserving the same mill rate since incorporation in 2009.
The City received notice of its first ever year-over-year increase in the real and personal tax digest for 2013 as a result of the revaluation of real property tax assessments. Notwithstanding this small yearly increase in the overall tax digest for real property, the digest has dropped by more than 10 percent since the City’s incorporation in 2009. This decline in city-wide tax digest values amounts to more than $400 million dollars over the past five years.
By keeping the millage rate at 2.74 mills since incorporation, one of the lowest millage rates of any similarly-sized city within the immediate Atlanta metro area, Dunwoody property owners may see an increase or a decrease in their real estate taxes in 2013, depending on whether individual property gained or lost value this year. The City of Dunwoody does not have direct control or influence over the valuations of the tax assessor’s office.
In accordance with state law requirements, the City of Dunwoody will hold three public hearings to receive comment from taxpayers on aspects of the recent revaluation of real property tax assessments. The public is invited to attend an information meeting on June 12, 2013 at 9:00 a.m. at City Hall located at 41 Perimeter Center East Dunwoody, Ga. 30346. The City will hold additional information meetings on June 25, 2013 at 6:00 p.m. and again at 7:00 p.m. at City Hall.
The City Council will vote on a final tax rate for FY 2013 on June 25th, 2013 at 7:00 p.m.
For more information regarding the City of Dunwoody, please contact Bob Mullen, Marketing and PR Director, at 678-382-6700 or firstname.lastname@example.org.