REPORT OF HIGHWAY 278 COMMUNITY IMPROVEMENT

DISTRICT OF PROPOSED MILLAGE RATE

 

In compliance with O.C.G.A. §48-5, the Highway 278 Community Improvement District (“CID”) reports that at its meeting on July 19, 2018, beginning at Noon at the Center for Preservation and Planning, 2104 Washington Street, S.W., Covington, Georgia 30014, 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 District for the current calendar year.  Set forth below are the assessed taxable values of the properties subject to taxes for the current year and immediately preceding calendar year, the total dollar amount of ad valorem taxes proposed to be levied for the current year and levied in the immediately preceding calendar year, as well as the percentage and total dollar increases or decreases with respect to the immediately preceding calendar year.  All property levied upon is real property.  Because this CID was created last year, there is only one preceding year of CID assessed taxable values, taxes, and changes to report.  The millage rate each year has been 5 mills.

                                       Assessed Value           Taxes Levied              % Change                   $ Change

2017                           $30,687,216                 $153,436                      100%                                 $153,436

 

2018proposed             $31,503,440                 $157,517                          3%                       $    4,081

 

 

  1. Lynn Rainey, PC – State Bar No. 592350 – 358 Roswell Street, Suite 1130

Marietta, Georgia 30060 – (770) 421-6040

 

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