PRESS RELEASE ANOUNCING A PROPOSED PROPERTY TAX INCREASE
The City of Lithonia Council today announces its intention to increase the 2022 property taxes it will levy this year by 28.12 percent over the rollback millage rate.
Each year, the board of tax assessors is required to review the
assessed value for property tax purposes of taxable property in the
city. When the trend of prices on properties that have
recently sold in the city indicate there has been an increase
in fair market value of any specific property, the board of tax
assessors is required by law to re-determine the value of such
property and adjust the assessment. This is called reassessment.
When the total digest of taxable property is prepared, Georgia law requires a rollback millage rate must be computed that will produce the same total revenue on the current year’s digest that last year’s millage rate would have produced had no reassessments occurred.
The budget tentatively proposed by Lithonia City Council requires a millage rate higher than the rollback millage rate; therefore, before the Lithonia Council may finalize the tentatively proposed budget and set a final millage rate, Georgia law requires three public hearings to be held to allow the public an opportunity to express their opinions on the increase.
All concerned citizens are invited to the public hearings on this tax increase to be held virtual via Zoom on June 9, 2022 at 11:00 am and 6:00 pm and June 20, 2022 at 5:30 pm.
Join Zoom Meeting:
Meeting ID: 835 4701 1688 Passcode: 912907