Most Fulton County Homeowners to See Lower Property Taxes in 2011

The Fulton County Board of Commissioners has voted to keep the General Fund millage rate at 10.281 mills, according to a county news release.

The board vote last Thursday means most homeowners will see lower property taxes for the Fulton County portions of their property taxes in 2011, due to lower assessments and a $5,000 increase in Homestead Exemption for qualifying Fulton County residential property owners.

The Board has maintained the 10.281 millage rate since 2007, which is 24% lower than the millage rate in 2000, according to the statement from Jessica A. Corbitt-Dominguez, a spokeswoman for the county.

Fulton has the second-lowest General Fund rate among metro Atlanta counties, and is the only metro County that has not increased its General Fund millage rate during the current economic downturn.

The Board also adopted a revenue-neutral millage rate of 8.969 for the South Fulton Tax District (unincorporated South Fulton) at 8.969 mills. Most property owners will still pay approximately the same amount in property taxes for the South Fulton Tax District portion of their bills.  The County held four public hearings related to this millage rate.

The Board also approved a Bond Fund millage rate of 0.27 mills. Funds will be used to repay voter-approved Library Bonds sold in 2010.