Fulton County Adopts 2014 Millage Rate | Print |

The Fulton County Board of Commissioners has adopted a General Fund millage rate of 11.781 mills.

 

 

The 2014 rate is Fulton County’s first millage rate increase for the General Fund since 1991. The Fulton County General Fund 2014 budget includes $625,426,997 for a wide range of services for nearly one million residents throughout Fulton County.  Major 2014 budgeted expenditures include $61 million for Grady Health System, $5.75 million for capital improvements, $25 million for operation of libraries, and $246 million for the Fulton County Justice System, among other key Fulton County services.
The following table provides an estimate of the annual and monthly increase for properties with the standard Fulton County homestead exemption of $30,000.

Home Fair Market Value

Tax Increase With Standard $30,000
Fulton County Homestead Exemption

Annual

Monthly

$100,000.00

$15.70

$1.31

$150,000.00

$47.10

$ 3.93

$200,000.00

$78.50

$6.54

$250,000.00

$109.90

$9.16

$300,000.00

$141.30

$11.78

$350,000.00

$172.70

$14.39

$400,000.00

$204.10

$17.01

$450,000.00

$235.50

$19.63

$500,000.00

$266.90

$22.24

The Board also adopted a Bond Fund millage rate of 0.27 mills. The Bond Fund provides continued support of the Library Referendum General Obligation Bonds’ annual debt service requirements, as approved by Fulton County voters in 2008.

The Board also adopted a South Fulton Tax District millage rate of 12.469 mills.  This fund provides municipal-type services for residents in unincorporated Fulton County, including Fire, Police, Parks & Recreation, and Planning services. 

A total of six public hearings were held prior to the Board’s action regarding the millage rate.