Gwinnett commissioners today approved property tax millage rates for 2016. The new general fund rate is 5.6 percent lower than last year and down 7.8 percent over two years, Chief Financial Officer Maria Woods reported.
Board of Commissioners Chairman Charlotte Nash said, The tax digest, which is the assessed value of all property in Gwinnett, has gone up so were able to reduce the tax rate while maintaining a balanced budget and providing essential services.
State law requires counties to publish a rollback millage rate for the general fund that produces the same total revenue on this years tax digest that last years millage rate would have produced had no reassessments occurred. A mill is one dollar of tax for every $1,000 of assessed property value.
The 2016 total property tax millage rate for the County will be 13.176, as compared to 13.579 for 2015. The millage rates for special service districts created in 2013 and countywide levies for voter-approved debt and recreation all remain unchanged from last year. Service district millage rates in Gwinnett are based on property location and county services provided, such as police, fire, and emergency medical. Details on millage rates are available online at www.gwinnettcounty.com.
Todays action also paved the way for the Tax Commissioners Office to mail all property tax bills by Aug. 15. Payments will be due Oct. 15.