The Dunwoody City Council today announces its intention to increase the 2023 property taxes it will levy this year by 1.57 percent over the rollback millage rate.
The millage rate citywide will remain at 3.040 mills, the same rate as 2022. This rate is at the cap permitted by the city’s charter. The amount of a 1.57 percent increase listed above is the calculation required by state law, taking into account the impact of reassessments described below. However, the city of Dunwoody has assisted homeowners by instilling a property assessment freeze. Homestead properties that qualify for this freeze would see no increase in their 2023 taxes.
Each year, the board of tax assessors is required to review the assessed value for property tax purposes of taxable property in the county. When the trend of prices on properties that have recently sold in the county indicates there has been an increase in the fair market value of any specific property, the board of tax assessors is required by law to re-determine the value of such property and adjust the assessment. This is called a reassessment.
When the total digest of taxable property is prepared, Georgia law requires a rollback millage rate must be computed 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 budget tentatively adopted by the Dunwoody City Council requires a millage rate higher than the rollback millage rate; therefore, before the Dunwoody City Council may finalize the tentative budget and set a final millage rate, Georgia law requires three public hearings to be held to allow the public an opportunity to express their opinions on the increase.
All concerned citizens are invited to the public hearings on this tax increase to be held at the Dunwoody City Hall, 4800 Ashford Dunwoody GA 30338 on Monday, June 12, 2023 at 8 a.m.; Monday, June 12, 2023, at 6 p.m.; and Monday, July 10, 2023, at 6 p.m.