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Friday, May 20, 2016
2016 Real Estate Valuations Issued For Dunwoody
The city 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 2008.
City’s Millage Rate of 2.74 Will Not Rise
Dunwoody, GA – May 20, 2016 – 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 2008.
The city received notice of its fourth year-over-year increase in the real and personal tax digest for 2016 as a result of the revaluation of real property tax assessments performed by the DeKalb County Tax Assessor's office. Notwithstanding this increase in the overall tax digest for real property, the digest is relatively unchanged having increased less than 8 percent since the city’s incorporation in 2008.
Dunwoody homeowners who filed and qualified for a homestead exemption will pay no more in city taxes than the amount they paid in 2009 based on the residential property assessment freeze exemption effective since the city’s inception. This exemption is in addition to the one (1) mill exemption also in place granting homeowners in Dunwoody an effective millage rate of just 1.74 mills.
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 2016, 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 information meetings at Dunwoody City Hall located at 41 Perimeter Center East Dunwoody, Ga. 30346 on:
· June 6, 2016 at 8:00 a.m.
· June 6, 2016 at 6:00 p.m.
The City Council will have a third and final public hearing followed by a vote on a tax rate for FY 2016 at the City Council Meeting held on June 13, 2016 at 6:00 p.m.
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