Report of Airport West Community Improvement District of Proposed Millage Rate

by | Jul 15, 2020 | News

In compliance with O.C.G.A. §48-5, this provides notice that the Airport West Community Improvement District (“CID”) Board of Directors, at its meeting on July 30, 2020 beginning at 12:00 noon, which will be conducted entirely via teleconference due to the Governor’s Emergency Declaration and may be accessed via Zoom: https://us02web.zoom.us/j/86974133947?pwd=L0w4WE0wMGtOWUt4Y2xsTHQyelY0dz09

or dial in number: +1 646 558 8656; Meeting ID: 869 7413 3947; Password: 475466, 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 is the assessed taxable value 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

2015                        $350,187,949             $1,750,940                        5%                       $     77,933

 

2016                        $430,333,410             $2,151,667                       23%                      $   400,727

 

2017                        $518,480,054             $2,592,400                       20%                      $   440,733

 

2018                        $485,078,790             $2,425,394                       -6%                  –   $   167,006

 

2019                        $513,708,830             $2,568,544                         6%                      $   143,150

 

2020proposed       $523,590,034             $2,617,950                         2%                      $    49,406

J. Lynn Rainey, PC, 358 Roswell Street, Suite 1130, Marietta, Georgia 30060; (770) 421-6040

Attorney for CID – State Bar No.  592350