I'm posting this local article about property taxes in Lilburn, GA because Lilburn is where we are based. The original headline for this article in the Atlanta Journal-Constitution is misleading, saying that the millage rate is staying the same. Buried in the story is the fact that actual revenues are expected to be nearly six percent higher than last year.
Lilburn is not alone in increasing its property taxes. This happens every year across the country.
Stryde can help mitigate and reduce these property taxes for commercial property owners. Let us show you how much we can save you in commercial property taxes.
LILBURN GA, June 26, 2017 -- Lilburn is scheduled to adopt the 2017 property tax rate at 7:30 p.m. July 10 in council chambers at Lilburn City Hall, 340 Main St. The city is proposing to keep the property tax rate the same at 4.43 mills. At this rate, the city anticipates collecting $1,829,589, which is 5.68 percent more than last year. This estimate includes changes in the assessed value of properties, pending appeals, as well as new growth in the city. For homeowners with increased assessed property values, this could mean slightly higher property tax bills in 2017.
Property taxes make up 28 percent of the city’s annual operating budget of $7,657,971 and 16 percent of the overall budget of $11,242,305.
Read more at the AJC....
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