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 August 8, 2019, beginning at 12:00 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 2 calendar years, the total dollar amount of ad valorem taxes proposed to be levied for the current year and levied in the immediately preceding 2 calendar years, 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 2 years ago, there are only two preceding years 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

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

2019 proposed             $32,884,424                $164,422                        4%                         $6,905

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

Marietta, Georgia 30060 – (770) 421-6040