 UPDATED:
03/02/2008
Gwinnett County
Summary: Gwinnett County budgeted for $258,823,173
in property tax dollars to fund its 2005 budget. However, the millage rate
approved by the County Commission will fail to fully fund the budget, generating
only 231,806,146-- 89% of and $27,017,026 short of the amount necessary.
The adopted millage, 10.14*, is
the same as the Commission approved last year.
The mathematically-correct
millage rate is 11.322
The share of the deficit for the
owner of a $150,000** home in Gwinnett is $70.91. In other words, the owner of
the described property will pay $70.91 less in county property taxes than
if the Commission had adopted a mathematically-correct rate.
Resources
*For 2005, the county will combine its general
and fire service millage rates. The total will equal last year's rates at 10.14.
**assessed value. This value does not include exemptions, which may lower your actual tax liability. Return to the
Gwinnett Jurisdictions List |
