McDONOUGH — The McDonough City Council unanimously approved a reduction in its millage rate at its meeting Monday.
The City Council reduced the millage from 4.083 to 3.806, which represented a 3.95% rollback, according to Keith Dickerson, McDonough city administrator.
Even with the decrease, Dickerson said the city would generate $147,279 more in tax revenue than last year.
At the request of Councilwoman Sandra Vincent, Dickerson explained the city’s mindset going into the process of setting a millage rate, which he said started five months ago when the city started the budget process.
At that time, department heads were afforded the opportunity to fill out their budget information and request capital improvement items in the form of a wish list.
Dickerson also said that property taxes have become a “secondary” revenue source for the city, noting that the city generates more in local option sales taxes than from property taxes.
Part of the reason the city will generate more in property taxes, even with a decrease, is the increased tax digest in McDonough.
This year, for the first time ever, McDonough broke $1 billion in its tax digest value, which is the combined value of all taxable property in the city. McDonough is the first city in Henry County to break the $1 billion mark with its tax digest.
“That’s a historic moment when you break $1 billion,” said McDonough Mayor Billy Copeland.
Since 2014, the city’s tax digest has increased from $674,724,650 to its current amount of $1,017,954,557.
The city of McDonough has reduced its millage rate every year since 2015, when it reached its high of 4.922. For 2016, the millage rate was reduced to 4.560, and then down to 4.299 in 2017 and 4.083 in 2018.