Gwinnett commissioners voted unanimously on Monday, August 8 to lower the County’s millage rate from the 2010 rate of 13.25 mills to 13.02 mills for 2011. The board also authorized the 2011 property tax billings.
The operations millage rate of 11.78 will remain the same, but the board eliminated a debt-service levy of .23 mills for a 1986 bond issue for roads and libraries that was paid off earlier this year. This reduced the total debt levy from .47 to
.24 mills. The recreation fund levy remains at 1.0 mill. Many residents will also notice a decrease in their tax bill because property values have fallen.
Gwinnett County adopted the 2011 budget with a planned use of $20.8 million in fund balance as well as an $18 million difference between expenses and revenues. Commissioners erased the $18 million deficit earlier this year and have been chipping away at altogether eliminating this year’s planned spending of $20 million from reserves.
The Board’s action allows tax bills to be mailed in September with a single payment due date of November 15.
(Copied from GwinnettCounty.com)