 UPDATED:
03/02/2008
City of Lilburn
Summary: This western
Gwinnett city operates on a 2005-2006 budget of $7,400,511. Of that amount,
$1,432,000
will be funded by property tax dollars. The City Council has adopted a millage rate of
4.26, the same rate as the previous year, which is mathematically
incorrect.
The inflated rate is expected to bring in at least
$146,004 more than is
necessary to fully fund this year's budget.
The mathematically-correct
millage rate is 3.866.
The owner of a $150,000** home in
Lilburn will pay $255.60 in property taxes, about $23.65 more than what
would be required with a mathematically-correct millage rate.
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**assessed value. This value does not include exemptions, which may lower your actual tax liability.
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