Brookhaven, GA, June 16, 2017 – by Trey Benton – The Brookhaven City Council was briefed by Assistant City Manager/Chief Financial Officer Steve Chapman Thursday, during the first of three required Public Hearings as they work to set the City’s Millage Rate for 2017. This practice is performed annually.
Chapman told Councilmembers increases in the Tax Digest due to higher DeKalb County property assessments, will result in a tax increase year-over-year if the City opts to keep the millage rate at 2.74 mills. The term “tax increase” relates to the total amount of property tax proceeds the City will collect in 2017, as compared to total collections in 2016. Because the valuations are higher, at the same tax rate, the haul is higher.
A number the City is required by law to broadcast is called the Roll-Back rate. This number is generated to illustrate where the City would have to adjust (lower) the City tax rate to keep year-over-year tax collections neutral. Last November, Councilmembers adopted the 2017 Budget with the same millage rate as 2016 – 2.74 mills.
“The City of Brookhaven property tax for homesteaded residents will not increase,” said Chapman. “In fact, since the inception of the City they’ve decreased. The City of Brookhaven has the lowest millage in DeKalb County.”
Chapman also said the Staff is recommending the City keep in place a policy to put $934K into the capital improvement plan.
The second and third public hearings will be held Thursday, June 29, at 10:30 a.m. and 6:30 p.m. After the final public hearing, the City says the millage rate will be formally adopted at the June 29, 2017 City Council meeting at 7 p.m.
All meetings will be held at Brookhaven City Hall located at 4362 Peachtree Rd.