City Council Approves Millage Rate Increase for FY21
South Fulton's City Council voted on Wednesday night to approve a millage rate of 12.899 mills for fiscal year 2021. The new rate represents an increase of a half mill over the projected rollback rate.
The tax increase for a homestead property with a fair market value of $100,000 is approximately $5.00 and the proposed tax increase for a non-homestead property with a fair market value of $100,000 is approximately $20.00.
According to officials and city staff, leaving the rate at its previous level would have resulted in a budget deficit of nearly $2.4 million.
"Raising the millage rate – and property taxes – is not a decision we take lightly," said Mayor William "Bill" Edwards in a statement. "But, a millage increase is an effective tool available to us as we work to manage throu...