NOTICE OF PROPERTY TAX INCREASE

The Lake City Mayor and Council have tentatively adopted a 2021 millage rate which will require an increase in property taxes by 9.60 percent.

All concerned citizens are invited to the public hearings on this tax increase to be held at the Municipal Building at 5455 Jonesboro Road on October 13, 2021 at 11:00 am and 6:00 pm. Times and places of an additional public hearing on this tax increase is at the Municipal Building October 20, 2021 at 10:00 am.

This tentative increase will result in a millage rate of 7.5 mills, an increase of 0.657 mills. Without this tentative tax increase, the millage rate will be no more than 6.843 mills. The proposed tax increase for a home with a fair market value of $100,000 is approximately $26.28 and the proposed tax increase for a non-homestead property with a fair market value of $200,000 is approximately $52.56.