Politics & Government
Roswell Proposes Unchanged 5.455 Millage Rate
The city is proposing to increase the maintenance and operations, while decreasing the rate for debt service.
Roswell's combined property tax rate for the upcoming 2013-2014 fiscal year will remain at 5.455 mills if the proposed millage rate is adopted as part of the city's budget during the May 29 Roswell City Council meeting.
While the overall property tax rate is slated to stay the same, the city is proposing to increase the rate for maintenance and operations (M & O) and decrease the rate for debt service since Roswell has paid off a portion of its bonded debt, reducing its annual debt payments.
The extra M & O money will be used to pay for road paving and other capital maintenance expenses, according to the city.
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Roswell has not raised its combined property tax rate for the last 10 years, either decreasing or remaining the same.
If the proposed rate passes, the M & O rate will increase by 0.405 and the debt service rate will decrease by 0.405. The typical Roswell tax bill on a $250,000 assessed value home would not increase from $545.50.
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The proposed property tax rate of 5.455 mills remains among the lowest in metro Atlanta.
The city council will hold three public hearings on the proposed budget: May 13 at 7 p.m., May 20 at 6:30 p.m., and the final reading and vote on May 29 at 7 p.m. in the Council Chambers at Roswell City Hall.
