Residents whose property value has risen would experience a tax jump. Hall County sent real estate appraisals on May 7th so homeowners should know their values.
Likewise, those who did not see a change in value would not see a tax increase and those who saw a decrease in value would see a tax cut.
Public hearings on the matter are scheduled for June 10th and 17th at Flowery Branch City Hall, 5410 W. Pine St.
The city’s tax rate is 3.264 million, where $ 1 million is $ 1 for every $ 1,000 estimated property value. Using this formula, a $ 250,000 home would be taxed at $ 326.40.
Flowery Branch’s finance director Alisha Gamble said revenue increased by $ 246,639 last year, of which $ 162,573 from new developments and $ 84,066 from higher property values.
To keep revenue at the same level as last year, the city would have to cut the tax rate to 3,116 million, she said.
Under state law, failure to increase the rate to a “revenue-neutral” level is considered a tax increase and requires three public hearings to be held.