 UPDATED:
03/02/2008
City of Lawrenceville
Summary: The county seat
of Gwinnett budgeted for $1,800,000 in property tax dollars to fund its
2005 budget. However, the City Council adopted a millage rate of 2.41 which is expected to bring in at least
$317,817 more than is
necessary to fully fund this year's budget.
The adopted millage is a "rolled
back" rate calculated according to the
Taxpayers Bill of Rights.
The mathematically-calculated
millage rate is 2.048
The owner of a $150,000* home in
Lawrenceville will pay $144.60 in city property taxes, $21.72 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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