City to Conduct Three Public Hearings for 2024 Millage Rate
The City of Sugar Hill announced on the NIGHT of Friday, August 30 (yes, the Friday just prior to the Labor Day holiday weekend) that the City Manager is proposing a millage rate of 3.69 mills for 2024. Given the change in property values this year and some growth to the tax base, the City estimates this millage rate will result in a 5.01% increase in tax revenue ($310,116) for the City for 2024.
The State of Georgia requires local governments to advertise the millage rate as a tax increase if they’re proposing anything higher than the rollback rate, which is the millage rate that would produce the same total revenue on the current year's new digest that last year's millage rate would have produced had no reassessments occurred. They’re also required to hold three public hearings prior to officially adopting a rate higher than the rollback rate. The City’s rollback rate is 3.534 mills this year.
The hearings for the City of Sugar Hill 2024 millage rate will be:
Monday, September 9 at 9:00 AM
Monday, September 9 at 7:30 PM (During the City Council meeting)
Monday, September 16 at 6:00 PM
The City Council will vote on whether to accept the City Manager’s millage rate recommendation immediately after the hearing on Monday, September 16.
https://cityofsugarhill.com/notice-of-proposed-property-tax-increase/
