The Riverdale City Council has tentatively adopted a millage rate which will require an increase in property taxes by 9.91 percent.
All concerned citizens are invited to the public hearings on this tax increase to be held at Riverdale City Hall, 7200 Church Street, Riverdale, GA on September 21st at 10:00 am and 6:00 pm.
Times and places of additional public hearings on this tax increase are at Riverdale City Hall, 7200 Church Street, Riverdale, GA on September 28th at 5:00 pm.
The tentative increase will result in a millage rate of 11.48 mills, and an increase of 1.035 mills. Without this tentative tax increase, the millage rate will be no more than 10.445 mills. The proposed tax increase for a home with a fair market value of $75,000 is approximately $20.70 and the proposed tax increase for non-homestead property with a fair market value of $150,000 is approximately $62.10.
Although the tentative millage rate is the same as the millage rate for the previous year, it is considered an increase because there is an increase in the City’s real property assessment. For a property which is assessed the same as the previous year, the tax will be the same as the previous year.