REPORT OF GATEWAY85 GWINNETT COMMUNITY IMPROVEMENT DISTRICT OF PROPOSED MILLAGE RATE
In compliance with O.C.G.A. §48-5, the Gateway85 Gwinnett Community Improvement District (CID) reports that at its meeting on July 12, 2018, 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
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
2017 $453,596,080 $2,267,980 4% $ 93,463
2018 proposed $470,276,156 $2,351,381 4% $ 83,401
- Lynn Rainey, PC – State Bar No. 592350 – 358 Roswell Street, Suite 1130, Marietta, Georgia 30060 – (770) 421-6040
