5/27/2014New Real Estate Valuations Issued for Dunwoody
NEW REAL ESTATE VALUATIONS ISSUED FOR DUNWOODY
Millage Rate Will Not Rise as Overall Tax Assessments Increase for Second Time Since City’s Incorporation
Dunwoody, GA – June 5, 2014 – 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 second year-over-year increase in the real and personal tax digest for 2014 as a result of the revaluation of real property tax assessments. Notwithstanding this increase in the overall tax digest for real property, the digest has dropped by approximately 5 percent since the City’s incorporation in 2009.
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 2014, 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 on June 9, 2014 at 6:00 p.m. and again at 7:00 p.m. and June 18, 2014 at 12:00 p.m. at City Hall located at 41 Perimeter Center East Dunwoody, Ga. 30346. The City will hold an additional information meeting on June 24, 2014 at 7:00 p.m. at City Hall.
The City Council will vote on a final tax rate for FY 2014 on June 24, 2014 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.