 UPDATED:
03/02/2008
City of Duluth
Summary: This western
Gwinnett city budgeted for $4,197,495 in property tax dollars to fund its
$11.23 million 2005 budget. However, the City Council adopted a millage rate of
5.191, the same rate that the city has adopted for the past four tax
years.
The arbitrarily-inflated and
mathematically incorrect rate is expected to bring in at least
$802,967 more than is
necessary to fully fund this year's budget.
The mathematically-calculated
millage rate is 4.357
The owner of a $150,000* home in
Duluth will pay $311.46 in city property taxes (not considering exemptions),
$50.01 more than his/her
fair share to fund the cost of city government this year.
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[*assessed value]
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