The Peachtree City Council approved the city’s millage rate Thursday that could result in a small tax increase for some of the city’s residents.
Peachtree City officials told residents that if their property was assessed higher this year, they would see an increase. The tax digest throughout the county grew by 8.64 percent, with 2.8 percent from new growth, and 5.84 by increased assessments.
The city is maintaining last year’s maintenance and operation rate of 6.232 mills, and lowering the bond rate by .176 mills.
Officials said residents with a $300,000 home would see their taxes increase by $21.35 this year, while a $400,000 home would see taxes increase by $28.43.
If the city had done a complete rollback, the city would have lost more than $750,000 this fiscal year.