REPORT OF GATEWAY MARIETTA COMMUNITY IMPROVEMENT
DISTRICT OF PROPOSED MILLAGE RATE

In compliance with O.C.G.A. §48-5, this provides notice that the Gateway Marietta Community Improvement District (“CID”) Board of Directors, at its meeting on July 18, 2017, beginning at 7:30 A.M. at One Parkway Center, 1850 Parkway Place, 5th Floor Conference Center, Marietta, Georgia 30067, 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 CID for the current calendar year.  Set forth below are the assessed taxable values of the properties subject to taxes for the current year and immediately preceding three calendar years, the total dollar amount of ad valorem taxes proposed to be levied for the current year and levied in the immediately preceding three calendar 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.  Because this CID was created in 2014, there are only three preceding years of CID assessed taxable values, taxes, and changes to report.  The millage rate each year has been 5 mills.  

 CURRENT 2017 TAX DIGEST AND HISTORY OF LEVY

                     $ Assessed Value       $ Taxes Levied                  % Change                    $ Change

2014                 41,888,930                 209,444                         100%                       209,444

 

2015                  54,843,212                 274,216                            31%                         64,772

 

2016                   55,158,699                 275,793                         .006%                           1,577

 

2017proposed     56,637,688                 283,188                               3%                          7,395

                                     

 

J. Lynn Rainey, PC, 358 Roswell Street, Suite 1130, Marietta, Georgia 30060; (770) 421-6040

Attorney for CID - State Bar No.  592350