In compliance with O.C.G.A. §48-5-32, the North Fulton Community Improvement District (“CID”) reports that at its meeting on August 3, 2021 the ad valorem taxation rate of 3 mills was approved, and will set its millage rate for the lawful purposes of the District for the current calendar year.
Set forth below are the assessed taxable values of the properties subject to taxes for the current year and immediately preceding five calendar years, the total dollar amount of ad valorem taxes proposed to be levied for the current year and levied in the immediately preceding five calendar years, as well as the percentage and total dollar change with respect to each immediately preceding calendar year. All property levied upon is real property. The millage rate each year has been 3 mills.
Assessed Value Taxes Levied % Change $ Change
2016 $988,383,812 $2,965,151 8% $221,832
2017 $1,113,842,684 $3,341,528 13% $376,377
2018 $1,184,815,535 $3,554,447 6% $212,919
2019 $1,226,803,136 $3,680,409 4% $125,962
2020 $1,216,662,744 $3,649,988 -1% -$30,421
2021 $1,331,609,280 $3,994,828 9% $344,840
proposed
J. Lynn Rainey, Rainey & Vaughan, LLC – State Bar No. 592350 – CID General Counsel
358 Roswell Street, Suite 1130, Marietta, Georgia 30060; (770) 421-6040