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REPORT OF AIRPORT SOUTH COMMUNITY IMPROVEMENT

DISTRICT OF PROPOSED MILLAGE RATE

In compliance with O.C.G.A. §48-5, the Airport South Community Improvement District (“CID”) reports that at its meeting on August 25, 2021, beginning at 10:00 AM at 3800 Camp Creek Pkwy SW, Building 1400, Suite 132, Atlanta, GA 30331, the CID Board of Directors will vote upon a proposal to levy an ad valorem taxation rate of 5 mills, and will set its millage rate for the lawful purposes of the CID for the current calendar year.  Set forth below are the assessed taxable values of the properties subject to taxes for the current year and the immediately preceding five years, the total dollar amount of CID ad valorem taxes proposed to be levied for the current year and levied the immediately preceding five years, as well as the percentage and dollar change with respect to the immediately preceding year.  All property levied upon is real property.   The millage rate each year has been 5 mills.

 

Assessed Value Taxes Levied % Change $ Change
2016 $39,823,998 $199,120 7% $ 13,381
2017 $45,918,242 $229,591 15% $ 30,471
2018 $55,290,099    $276,450 20% $ 46,859
2019 $82,869,450    $414,347 50% $137,897
2020 $89,627,248 $448,136 8%  $ 33,789
         2021 proposed              $98,032,247          $490,161                                        9%                                               $ 42,025