Despite Everything You've Heard, Johns Creek Property Taxes are Going Up
Guest Post: Stephanie Endres - City Council Post 5
During the Johns Creek Council Meeting on Monday, July 9, 2018, the City Council agreed to advertise the millage rate for 2108 to be 3.87 which is Georgia State defined “rollback rate”. Please note this legally defined “rollback rate” will result in an increase in cash collections to the City of Johns Creek (as advertised) of approximately $1.2 million, or 6%, from 2017.
When I committed to the residents of Johns Creek to rollback the 2018 millage rate, I meant OVERALL cash taxes paid by residents would not increase this year. The City should not receive any "gains" from the excessive increase in property assessed values. The Georgia State defined “rollback” calculation is at odds with actual cash taxes to be paid.
The Homestead Exemption that will be on the ballot in November 2018 for YOU to vote on, if passed, would limit the increase in Property Assessed Values to the lessor of 3% or the inflation rate. The inflation rate for 2017 was 2.1%. So why is the City Council approving 2018 overall cash property tax estimated increase of 6% for 2018?
Please let me know your thoughts.
City Council Post 5