Gwinnett: Are You Paying Too Much or Too Little?
This chart compares the proposed/adopted millage
rate of Gwinnett's taxing authorities to the mathematically-correct rate, based
on our analysis of data provided by each jurisdiction for tax year 2005.
If the number in the column to the right for your
city is in red, you will be paying too much
this year. If the number is in black, you may be paying too little. If
the number is in green, your city has either
adopted a mathematically-calculated rate or gotten it right accidentally!
[Millage rates are for the Maintenance &
Operations (M&O or 'Operating') portion of the respective budget except where
noted.]
Want to figure out by how much you're overpaying?
Multiply the rate in the right column by the
taxable value of your property (in thousands). For rates in red, the result will
be your anticipated overpayment. For numbers in black, the result represents
your underpayment.
Example: $150,000 home
(assessed value). Taxable value is 40%, or $60,000 ("60 thousands"). Multiply 60
by the rate for your city above (60 times Suwanee's 1.379 equals a $82.77
overpayment, for example).
*For 2005, the county will combine its general
and fire service millage rates. The total will equal last year's rates at 10.14. Return to the Gwinnett page |
