For Immediate Release:

Contact: Bill Doughty, APR, 678-512-3274

City considering property tax millage rate for 2008
Three public hearings give citizens opportunity to express opinions.

JOHNS CREEK, Georgia—May 23, 2008—The City of Johns Creek is currently in the process of establishing its 2008 millage rate. Because the City was not incorporated until December 1, 2006, it cannot publish a five-year history of its tax digest, property tax revenues, and millage rate as is normally required. However the City has published the information that is available for 2007 and 2008.

Each year, the Fulton County Board of Tax Assessors is required to review the assessed value for property tax purposes of taxable property in the County. When the trend of prices on properties that have recently sold in the County indicate there has been an increase in the fair market value of any specific property, the Board of Tax Assessors is required by law to re-determine the value of such property and adjust the assessment. This is called a reassessment.

As a result of reassessment, the total amount of property tax collected by the City under the current millage rate is expected to increase by 4.74 percent. This increase does not include additional tax revenue generated by new construction and improvements to property.

Before the City of Johns Creek sets the final millage rate for 2008, Georgia law requires three public hearings to be held to allow the public an opportunity to express their opinions on this tax increase. All concerned citizens are invited to attend and participate in the public hearings which will be held at Johns Creek City Hall, Council Chambers, located at 12000 Findley Road, Suite 300, at the following dates and times:

• First Public Hearing Monday, June 2, 7 pm
• Second Public Hearing Monday, June 16, 11:30am
• Third Public Hearing Monday, June 16, 6 pm

Action to adopt the final millage rate for 2008 is scheduled to take place at the Council Meeting on Monday, June 16, which begins at 7pm or as close thereafter as possible following the third public hearing.

For more information, visit the City of Johns Creek Web site at www.JohnsCreekGA.gov.

Press Contact:
Bill Doughty, APR
Director of Communications
City of Johns Creek
P 678-512-3274

The City of Johns Creek believes all press releases were accurate as of their respective dates, but makes no representation as to accuracy on any other date and assumes no responsibility for updating information contained in any press release.