Interim DeKalb CEO Proposes Tax Rate Reduction
DeKalb County residents could soon see a reduction in their property tax rate. Interim CEO Lee May has proposed decreasing the county’s millage rate by .4 mills. The plan would lower the county’s current millage rate from 21.21 mills to 20.81 mills.
The tax rate decrease is part of May’s proposed mid-year budget. If approved by county commissioners, it will mean about a $35 reduction in property taxes for the owner of a $200,000 home.
“I believe whenever we can give our taxpayers some relief I want to do it, and this is an appropriate time to do that,” says May.
May says the county can afford to cut its millage rate because the economy has improved. He says even with the reduction, the county is expected to bring in almost $37 million more this year. May says county property values and other revenues have improved.
“In the midst of the great recession, our property values in DeKalb County, and really concentrated in many areas, really plummeted, so what you’re seeing is a steady increase back to where we once were seven years ago in our county.”
That also means higher property taxes for those county residents whose home values have gone up, even if the millage rate goes down. Some other county residents could see their property taxes go down.
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