Another Note about Fulton Tax Values

I wanted to mention another point regarding the increase in Fulton County fair market values.  You may notice that your tax assessment notice shows the estimated tax based on the previous year's millage rate.  The millage rate is set by the county (and by local municipalities) based on the value of the tax base and the annual budget.  Since the value of the tax base has been increased, the millage rate may decrease if the annual budget remains relatively the same (the information I was able to find shows a $30M increase in the 2017 budget vs. 2016, but that may not be accurate).  So while your taxes will most likely increase, they may not increase as much as what is estimated on your notice.