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Report of North Fulton Community Improvement District of Proposed Millage Rate

In compliance with O.C.G.A. §48-5-32, the North Fulton Community Improvement District (“CID”) reports that at its meeting on August 3, 2021, beginning at 7:30 A.M. at the Greater North Fulton Chamber of Commerce, 11605 Haynes Bridge Road, Suite 100, Alpharetta, Fulton County, Georgia 30009, the CID Board of Directors will vote upon a proposal to levy an ad valorem taxation rate of 3 mills, and will 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 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 total dollar change with respect to each immediately preceding calendar year. All property levied upon is real property. The millage rate each year has been 3 mills.


Assessed Value Taxes Levied % Change $ Change

2016 $988,383,812 $2,965,151 8% $221,832


2017 $1,113,842,684 $3,341,528 13% $376,377


2018 $1,184,815,535 $3,554,447 6% $212,919


2019 $1,226,803,136 $3,680,409 4% $125,962


2020 $1,216,662,744 $3,649,988 -1% -$30,421


2021 $1,331,609,280 $3,994,828 9% $344,840

proposed

J. Lynn Rainey, Rainey & Vaughan, LLC - State Bar No. 592350 – CID General Counsel

358 Roswell Street, Suite 1130, Marietta, Georgia 30060; (770) 421-6040



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