REPORT OF TUCKER
SUMMIT COMMUNITY IMPROVEMENT
DISTRICT OF
PROPOSED MILLAGE RATE
In compliance with O.C.G.A. §48-5, the Tucker Summit Community Improvement District (“CID”) reports that at its meeting on June 24, 2021, beginning at 1:00 P.M. at the Pierre Construction Group, 1677 Lewis Way, Stone Mountain, DeKalb County, Georgia 30083, the Tucker Summit CID Board of Directors voted upon a proposal to levy an ad valorem taxation rate of 5 mills, and set its millage rate for the lawful purposes of the District for the current calendar year.
Set forth below are the assessed taxable values of the properties subject to taxes for the current year and the immediately preceding five calendar years, the total dollar amount of ad valorem taxes proposed to be levied for the current year and levied in the immediately preceding five calendar years, as well as the percentage and dollar change with respect to each immediately preceding calendar year. All property levied upon is real property.
| Year | Assessed Value | Taxes Levied | % Change | $ Change |
|---|---|---|---|---|
| 2016 | $172,551,407 | $862,757 | 21% | $148,252 |
| 2017 | $176,545,658 | $882,725 | 2% | $19,971 |
| 2018 | $227,995,657 | $1,139,978 | 29% | $257,250 |
| 2019 | $231,735,693 | $1,158,678 | 2% | $18,700 |
| 2020 | $278,034,838 | $1,390,174 | 20% | $ 231,496 |
| 2021 proposed | $342,681,949 | $1,713,410 | 23% | $323,236 |
J. Lynn Rainey, PC, 358 Roswell Street, Suite 1130, Marietta, Georgia 30060; (770) 421-6040
Attorney for CID – State Bar No. 592350