Property Tax Increase Information

NOTICE OF PROPERTY TAX INCREASE

The City of Lookout Mountain, Georgia has tentatively adopted a millage rate which will require an increase in property taxes by 5.65%. All concerned citizens are invited to the public hearing on this tax increase to be held at City's temporary City Hall, Lookout Mountain United Methodist Church, 1300 Lula Lake Road, Lookout Mountain, Georgia 30750, on Thursday September 9, 2021, at 5:30 p.m. Times and places of additional public hearings on this tax increase are at the City Hall’s Temporary City Hall on September 16, 2021, at 8:00 a.m., and September 16, 2021, at 6:00 p.m. The public hearing on September 16 at 6:00 p.m. will be combined with a meeting of the Lookout Mountain City Council at which the City Council will be setting the millage rate. This tentative increase will result in a millage rate of 9.000 mills, an increase of .481 mills. Without this tentative tax increase, the millage rate will be no more than 8.519 mills. The proposed tax increase for a home with a fair market value of $375,000.00 is approximately $71.19, and the proposed tax increase for non-homestead property with a fair market value of $275,000.00 is approximately $52.91.