Peachtree City residents won’t see their city taxes increase this year.
The city council adopted a $27.4 million budget Thursday along with a millage rate the same as last year: 6.384. That means that a handful of residents who have seen their fair market value decline will actually notice a tax decrease on their property tax bill this year.
The budget is some $238,304 higher than last year, and due to declining property values the city will get by with about $200,000 less in property tax revenue compared to the current year, city officials said. Read More»