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Posted on: October 4, 2017

Millage Rate 5 Year Tax History

The Cornelia City Commission does hereby announce that the millage rate for 2017 will be set at a SpecialCalled Commission Meeting on Monday, October 30th, 2017 at 6:00 p.m. at the Municipal Building, 156 Foreacre Street, Pursuant to the requirements of O.C.G.A. 48-5-32, the City does hereby publish the following presentation of the current year’s digest and levy for the past 5 years. At that same time a Public Hearing will be conducted for the 2017 Proposed Budget. Additional Public Hearings on this proposed tax increase will be held on Monday, October 16th, 2017 at 12 Noon and October 30th, 2017 at 12 Noon in the Municipal Building, 156 Foreacre Street, Cornelia, Georgia. The millage rate is the same as 2017, but due to the Inflationary Increase for properties listed inside the City Limits of Cornelia the Rollback computation reflects this as a 0.13% increase.

                         CURRENT 2017 TAX DIGEST AND 5-YEAR HISTORY OF LEVY

 

 

 

 

 

 

 



 

 


 

PROPOSED

 

2012

2013

2014

2015

2016

2017








Real & Personal

157,388,738

152,739,979

161,007,538

160,896,320

164,089,600

173,8,74,112

Motor Vehicles

7,867,590

8,488,310

7,666,440

5,604,420

4,222,640

3,133,070

Mobile Homes

523,516

474,732

446,104

433,668

419,964

424,652

Timber - 100%

Xxxxx

Xxxxx

Xxxxx

Xxxxx

Xxxxx

Xxxxx

Heavy Duty Equipment

Xxxxx

Xxxxx

Xxxxx

Xxxxx

Xxxxx

Xxxxx



 

 


 


Gross Digest

165,779,844

161,703,021

169,120,082

166,934,418

168,732,204

177,431,834

Less Homestead Exemption

17,749,188

16,348,530

15,172,356

15,677,339

16,408,973

19,152,272

Less M&O Exemptions

Xxxxx

Xxxxx

Xxxxx

Xxxxx

Xxxxx

Xxxxx

Net M&O Digest

148,030,656

145,354,491

153,947,726

151,257,079

152,323,231

158,279,562








Gross M&O Millage

8.5

8.5

8.5

8.5

8.5

8.5

Less Rollbacks

Xxxxx

Xxxxx

Xxxxx

Xxxxx

Xxxxx

Xxxxx

Net M&O Millage

           8.5

8.5

8.5

8.5

8.5

8.5

Net Taxes Levied

1,258,261

     1,235,513

1,308,556

1,285,685

1,294,747

1,345,376


 

 





Net Taxes $ Increase

43,865

-22,748

73,043

-22,871

9,062

          50,629

Net Taxes % Increase

1.18%     

-0.518%

5.91%

-1.17%

0.704%

3.91%

 

A COPY OF THE PROPOSED BUDGET WILL BE AVAILABLE FOR REVIEW AT CORNELIA CITY HALL & THE CORNELIA LIBRARY PRIOR TO THE HEARING DATES.

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