REPORT OF GWINNETT VILLAGE COMMUNITY IMPROVEMENT
DISTRICT OF PROPOSED MILLAGE RATE
In compliance with O.C.G.A. §48-5, the Gwinnett Village Community Improvement District (CID) reports that at its meeting on July 12, 2012, beginning at 7:30 A.M. at the CID Offices, 5855 Jimmy Carter Boulevard, Suite 122, Norcross, Gwinnett County, Georgia 30071, 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
2007- $399,631,087 $1,998,155 36% $ 526,622
2008-$451,917,056 $2,259,585 13% $ 261,430
2009-$478,159,736 $2,390,799 6% $ 131,214
2010-$402,896,616 $2,014,483 -16% -$ 376,316
2011-$364,966,800 $1,824,834 -9% -$ 189,649
2012proposed-$331,081,360 $1,655,407 -9% -$ 169,427
J.Lynn Rainey, PC – State Bar No. 592350 – 358 Roswell Street, Suite 1130,
Marietta,Georgia30060 – (770) 421-6040
