City of Dunwoody
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Property taxes are an ad valorem tax, meaning that they are allocated to each taxpayer proportionately according to the value of the taxpayer's property.
The millage rate is the rate at which property taxes are levied on property. A mill is 1/1000 of a dollar. Property taxes are computed by multiplying the taxable value of the property by the number of mills levied. Dunwoody’s millage rate was increased from 2.74 to 3.04 mills in 2022, resulting in an increase of $33 to $69 a year for a typical Dunwoody home.
In Dunwoody, homestead properties have a 1.000 mill exemption, effectively making the rate 2.04 mills. On top of that, all homestead properties in the area are eligible to have their property assessments frozen from any increase in city taxes. A typical Dunwoody home assessed today at $500,000 does not pay city taxes on the full amount, which would equal $321. Instead, when the average freeze value is taken into account, that same house is taxed as if it is assessed at $375,000, and the city taxes drop to $276.
Property taxes are a primary source of funding for Dunwoody and account for about a fourth of the city’s revenues. These funds are used to pay for a variety of services including police; new parks and park improvements; new road construction and other infrastructure projects; and the operations, including salaries, of the city employees and contractors. Click here to link to the Property Tax Division of the DeKalb Tax Commissioner's Office.