MILTON, Ga. — The City Council approved the ad valorem tax rate for fiscal year 2017 at Monday’s meeting with a slight variance from what residents have seen since the city’s incorporation.
The city’s maintenance and operating millage rate remained at 4.731 mills, the same amount the city has held for 10 years.
But added to this year’s rate is a 0.321 mill increase due to the city’s Greenspace Bond, which brings the total to rate to 5.052.
The addition is to pay off $732,000 worth of interest for the bond. Stacey Inglis, assistant city manager, said this year’s payment for the general obligation bond is interest only, and that the millage rate for the bond will increase next year.
In other action, the City Council also approved Von Lakes Estates, a 12-lot subdivision along Freemanville Road and Nix Road which was submitted prior to changes to the city’s codes.
Three of the lots run along Nix, which is a gravel road. A prior Milton regulation stated that properties along gravel roads must adhere to a 3-acre lot minimum, unless the subdivision had dual frontage on both gravel and paved roads.
The dual frontage allowance was removed from the city’s codes earlier this year but Von Lake Estates’ application was submitted prior to that language being deleted.
The subdivision calls for two entrances.
The entrance along Freemanville, which is paved, will include a cul-de-sac for nine lots. The three lots along Nix Road will have a separate entrance.
Von Lake Estates totals 16.2 acres at .74 lots per acre.