 UPDATED:
03/02/2008
City of Grayson
Summary: For FY2005-2006*,
this southeastern Gwinnett hamlet has budgeted for $133,900 in property tax
dollars to fund its $952,557 budget. City leaders have advertised and adopted a
millage of 1.500, up from last year's 1.0.
The mathematically-calculated
millage rate, based on current data, is 1.500
The owner of a $150,000** home in
Grayson will pay $90.00 in city property taxes.
Because the
mathematically-correct rate was a "round" 1.500 mills, we asked for confirmation
that the city had correctly calculated the rate.
Mayor Jim Hinkle responded
to our inquiry: "I did the calculation myself, and correctly. The process is
straightforward and easily accomplished and I was able to figure it out myself."
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* Grayson's fiscal year is September 1 to
August 31. The budget is subject to change until it is adopted in August.
** assessed value
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