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 29, 2020, beginning at 11:30 A.M. at the CID Offices, 1770 Indian Trail Road, Suite 150, Norcross, Gwinnett County, Georgia 30093, (and via Zoom https://us02web.zoom.us/j/81556240872 and teleconference 1-301-715-8592, 81556240872#, provided a state of emergency is in effect), the Gateway85 Gwinnett 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
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 $473,216,240 $2,366,081 4% $ 98,101
2019 $484,520,080 $2,422,600 2% $ 56,519
2020proposed $594,565,795 $2,972,829 23% $ 550,229
J. Lynn Rainey, PC – State Bar No. 592350 – 358 Roswell Street, Suite 1130, Marietta, Georgia 30060 – (770) 421-6040
