June 16, 2017

REPORT OF GWINNETT VILLAGE COMMUNITY IMPROVEMENT DISTRICT OF PROPOSED MILLAGE RATE

In compliance with O.C.G.A. §48-5, the Gwinnett Village Community Improvement District (CID) reports that at its meeting on July 13, 2017, beginning at 7:30 A.M. at the CID Offices, 1770 Indian Trail Road, Suite 150, Norcross, Gwinnett County, Georgia 30093, the Gwinnett Village 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 is the assessed taxable value of the properties subject to taxes for the current year and immediately preceding five years, the total dollar amount of ad valorem taxes proposed to be levied for the current year and levied in the immediately preceding five 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.  The millage rate each year has been 5 mills.

Assessed Value          Taxes Levied          % Change    $ Change

2012- $331,081,360       $1,655,407              -9%          -$169,427

 

2013- $350,849,200       $1,754,246               6%            $ 98,839

 

2014- $403,480,320        $2,017,401              15%           $263,155

 

2015- $408,506,360         $2,042,532               1%            $25,131

 

2016- $434,903,400          $2,174,517               6%            $131,985

 

2017proposed   $456,337,551    $2,281,687       5%          $107,170

 

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

Marietta, Georgia 30060 – (770) 421-6040