Citizens of Gwinnett County will have until Monday to voice their concerns about their property tax rates. While property tax rates are expected to remain the same, that will mean properties that went up in value during the pandemic will see a tax increase.
There are several opportunities for citizens to share an opinion with the Board of Commissioners before they make a decision next Tuesday. They can attend any of the public hearings on Monday - at 9 a.m., 9:30 a.m. or 6:30 p.m. Those hearings will be held at the Gwinnett Justice and Administration Center. Residents can also leave comments for commissioners until 9 p.m. on July 19 on the county’s website.
According to the Atlanta Journal-Constitution, the county projects $7.5 million more than 2020 just from increased taxes, by keeping the rate the same.
The additional funds will be spent on a variety of purposes, including public health funding and new positions for elections and transportation.
Tax dollars will increase as Gwinnett County grows and more homes have been added. Also, property values have increased as inventory in the real estate market has not been able to meet the demand.
Annual property tax bills are based on the assessed value of a home, which is 40% of its fair market value. They’re calculated with so-called “millage rates” set by county government, school boards and cities.
Gwinnett County Public Schools plans to lower its property tax rate. Residents whose properties are reassessed at a higher value will still likely see a tax increase.
The county sets tax rates not only for the general fund but for the police, fire and emergency services, development and code enforcement, recreation, and economic development funds. Commissioners will also set these rates on July 20.
