Lilburn CID Votes to Keep Same Millage Rate

The board of directors for the Lilburn CID voted unanimously to keep the 2013 millage rate at 5 mills at their monthly meeting Friday (July 12). 

The millage rate has been the same since the local community improvement district started in 2010. 

"In order to maintain our budget, we had to keep it at 5," said Gerald McDowell, executive director for the CID. 

The rate applies to all businesses in the district, which stretches along Lawrenceville Highway.

Since the Lilburn CID began, property values have decreased, which means that the organization is collecting less, said McDowell. But an increase is predicted for the 2013 proposed property value, which is essentially a goal of the CID. 

McDowell believes the reason for this increase is because the economy is improving.

"Some of the local activity in Lilburn has allowed property values to increase," the executive director said.

He added that once they see this increase, the CID may decide to lower the millage rate. 

Here's a breakdown of the numbers in the Lilburn CID's millage rate report: 

2010: 
Assessed Value: $46,528,104
Taxes Levied: $232,640
% Change: 100%
$ Change: $232,640

2011: 
Assessed Value: $43,599,640
Taxes Levied: $217,998
% Change: -6%
$ Change: -$14,642

2012: 
Assessed Value: $38,599,640
Taxes Levied: $192,998
% Change: -11%
$ Change: -$25,000

2013 proposed: 
Assessed Value: $42,195,440
Taxes Levied: $210,977
% Change: 9%
$ Change: $17,979

Don’t miss any Lilburn news. Subscribe to Lilburn-Mountain Park's free newsletter, like us on Facebook and follow us on Twitter.