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Form 433-F online South Fulton Georgia: What You Should Know
The operating budget is 1.1 billion, an 8.6 percent increase over the FY2019 budget and 34 million lower than the original FY2019 budget. In addition, Fulton County is facing a revenue shortfall for FY2021 of 34 million which increases the County General Fund General Obligation budget for FY19 to 900 million and reduces the County Tax Abatement and Transfer Rates to 6.25 cents per 100 of assessable value. Fiscal Year 2023 operating resources are estimated to run 1.056 billion. January 15, 2016. — Fulton County Sheriff's Office is requesting an additional 15,000 from the Sheriff's Office in the form of overtime for a week in December 2016. The overtime will be used to help out with an emergency which did not come up during the last budget cycle. Parks and Recreation Tax Abatement and Transfer Rates — City of South Fulton Sec. 12-201. — Taxation. The County General fund shall make the State's interest tax at one-half of one percent of the valuation of real property. If the assessment is based on a property's physical location, the tax shall be one-sixth of one percent of the valuation of that property. The valuation of real property will also be increased based on the valuation of the improvements. Sec. 12-203. — City of South Fulton. The County General Fund shall make special tax abatement and transfer rates at one percent above the current rate of the City of South Fulton as follows: The first-rate increase in value on tax abatement and transfer rate will be 10 of property value in 2015, to be increased to 10.00 of property value in 2016, 10.01 of property value in 2017, 10.02 of property value in 2018, and 10.03 of property value in 2019. The second rate increase will be 10 property value in 2023 to be increased to 10.00 of property value in 2016, 10.01 of property value in 2017, 10.02 of property value in 2018, and 10.03 of property value in 2019. The third rate increase will be 10 property value in 2023 to be increased to 10.00 of property value in 2016, 10.01 of property value in 2017, 10.02 of property value in 2018, and 10.03 of property value in 2019.
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