HomeMy WebLinkAbout08-13-2015 scm-am City Council of Peachtree City
Special Called Meeting Minutes
August 13, 2015
7:30 a.m.
The Mayor and Council of Peachtree City met in a special called meeting on Thursday, August
13, 2015, at City Hall. Mayor Vanessa Fleisch called the meeting to order at 7:30 a.m. Other
Council Members attending: Terry Ernst, Eric lmker, Mike King, and Kim Learnard.
The purpose of the special called meeting was to hold a public hearing on the 2015 millage rate.
Financial Services Director Paul Salvatore said this was the first of three required public hearings
regarding the proposed tax increase. He explained that the operations & maintenance (M&O)
millage rate would stay at 6.756 mills, and the bond millage rate would be reduced from 0.332
mills to 0.314 mills.
Salvatore continued that the reason for the tax increase was due to an increase in the assessed
value of properties. Property owners who had an increase in the assessed value of their property
would experience a tax increase. The average increase in assessed values of real property in
the City for 2015 was 9.5%.
For every $1,000 increase in the Fair Market Value of a property, the tax bill would increase by
$2.70, Salvatore said. The average home price in the City was $260,000, and the increase to the
average tax bill would be $60.
Mayor Fleisch opened the public hearing. No members of the public spoke either for or against
the proposed tax rate. The public hearing closed.
No action by Council was required.
There being no further business, King moved to adjourn the meeting. Learnard seconded.
Motion carried unanimously. The meeting adjourne• - : a.m.
i , A ' �. _____ ..�
Pamela Dufresne,I,eputy City Clerk Vanessa Fleisch, Mayor