NOTICE OF PROPERTY TAX INCREASE 

The City of Chamblee has tentatively adopted a new millage rate of 7.87 for the portion of the City annexed on January 1, 2011.

All concerned citizens are invited to the public hearing on this tax increase to be held at the Chamblee Civic Center located at 3540 Broad St, Chamblee Georgia on June 23, 2011 at 6:00 PM.

Times and places of additional public hearings on this tax increase are at the Chamblee Civic Center on July 5, 2011 at 11:30 AM and 6:30 PM.

This tentative new millage rate of 7.87 mills for the newly annexed properties will result in an increase of 7.87 mills. Without this tentative tax increase, the millage rate will be 0 mills. The proposed tax increase for a home with a fair market value of $225,000 is approximately $472.00 and the proposed tax increase for nonhomestead property with a fair market value of $700,000 is approximately $2,204.00.

State of Georgia statues do not specifically address the setting of the initial millage rate for a newly annexed area by a municipality but the City of Chamblee is advertising a Notice of Property Tax Increase, with associated public hearing notification, in order to ensure full disclosure of its intent to levy property taxes in the area annexed on January 1, 2011. The millage rate of 7.87 proposed for the annexed area is the same as that proposed for the rest of the City and is below the rollback millage rate and therefore would not constitute a tax increase for the rest of the City.