The Fayetteville City Council on August 2 held the first of three public hearings to consider a property tax millage rate increase from the current 3.874 mills to 5.646. The extra 1.75 mills, most of which is earmarked for the City’s public safety needs, would generate an estimated $1.8 million for the year.
For a home located within the City of Fayetteville with a fair market value of $250,000, the proposed increase would be $177.20. That’s $14.77 a month, or about five cents of every tax dollar.
Misinformation has circulated in the public, including on social media, suggesting property tax bills as a whole will go up 45 percent for City of Fayetteville property owners. This is incorrect. That “45 percent” increase only applies to the actual City of Fayetteville millage rate comparing the proposed new rate to the “rollback rate”, which is the hypothetical millage rate that would be used to keep the actual City property tax revenue the same dollar amount as the year before. City property tax bills are affected by millage rates set by the City of Fayetteville, Fayette County and the Fayette County Board of Education, with the City’s historically being the smallest of those rates.
While Fayetteville has a tradition of having one of the lowest millage rates in the Metro Atlanta Area and of rolling back rates whenever it has been able to do so, City leaders this year worked with a Citizens Budget Advisory Committee and other stakeholders to identify the City’s most pressing needs, and it was determined that a millage rate increase was necessary to tend to those present and future needs.
Upcoming public hearings on the proposed millage rate increase are scheduled for Thursday, August 9, at 7 p.m. and Thursday, August 16, at 5:45 p.m., both at Fayetteville City Hall.