The proposed rate -- 7.40 mills -- is the same as last year's rate. However, since the value of the tax digest (the combined total value of all property in the county) has increased, the county will take in more property tax revenue than last year. The increase in revenue, under the law, constitutes a tax increase even though the rate will remain unchanged.
Related story: Gwinnett Tax Assessor: Majority of Residential Notices Will Show Increase
In order to keep overall property tax revenue unchanged, the county would have to adopt a rollback rate that would produce the same total revenue as last year. The rollback rate has been calculated at 6.90 mills.
To view your Gwinnett County property tax assessment notice online, click here.
The proposed total county millage rate (excluding school taxes) is 13.75 mills. The school tax rate of 21.85 mills was adopted on June 26 and is unchanged from last year. Due to the increased tax digest, the school tax rate also constituted a tax increase.
"County government has done what had to be done over the last few years to deal with the loss of revenues resulting from the economic downturn and the plummet in property values. We chose not to increase millage rates in the midst of the recession to offset value drops because we knew that property owners were struggling, too," said commission chairman Charlotte Nash in a released statement. "However, we also know that some of the steps taken in recent years are not sustainable in the long run and could have negative impacts. All of the commissioners are carefully considering the needs of the community as we prepare to make a decision on the 2014 millage rate."
The Gwinnett County Board of Commissioners will hold three hearings regarding the proposed property tax increase. Two hearings will be held on July 7 at 11 a.m. and 6:30 p.m. A third hearing will take place on July 14 at 6:30 p.m. All three hearings will be held in the auditorium of the Gwinnett Justice and Administration Center located at 75 Langley Drive in Lawrenceville.
Citizens may also provide feedback online regarding the proposed millage rate. A 2014 millage rate comment form is available on the Gwinnett County website.
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