Stone Mountain Council to Vote on Property Tax Increase

The City Council of Stone Mountain meets tonight to vote on the following:

Unfinished business:

• Proposal from National Center for State Courts - Review of Municipal Court Operations Total Proposal Cost $10,000 – Cost for the City of Stone Mountain $7,000
• Resolution 2012-08– Amend the General Fund Budget
• Resolution 2012-09- Establish policies and standards for the use of the Rock Gym for Recreational Purposes

New business:

• Consent Agenda

New Ordinances and Resolutions

Ordinance 2012-03 – Set the Millage Rate for Ad Valorem Property Taxation (1st Reading – June 18, 2012) (2nd Reading – July 9, 2012)

The millage rate would raise property taxes in the city by 27.77 percent.

Last month, city manager Barry Amos provided Patch with the following information about the tentative increase: The tentative increase will result in a millage rate of 18.8 mills, an increase of 4.086 mills.  Without this tentative tax increase the millage rate will be no more than 14.714 mills. The proposed tax increase for a home with a fair market value of $52,000 is approximately $212.47 and the proposed tax increase for nonhomestead property with a fair market value of $70,000 is approximately $286.02