REPORT OF SUGARLOAF COMMUNITY IMPROVEMENT DISTRICT OF PROPOSED MILLAGE RATE
In compliance with O.C.G.A. §48-5, the Sugarloaf Community Improvement District (“CID”) reports that at its meeting on July 9, 2020, beginning at 9:30 a.m. at 6500 Sugarloaf Parkway, Duluth, Gwinnett County, Georgia 30097, the CID Board of Directors will vote upon a proposal to levy an ad valorem taxation rate of 3.5 mills, and will set its millage rate for the lawful purposes of the District for the current calendar year. Set forth below is the assessed taxable value of the properties subject to taxes for the current year and immediately preceding year, the total dollar amount of ad valorem taxes proposed to be levied for the current year and levied in the immediately preceding year, as well as the percentage and total dollar increase or decrease with respect to the immediately preceding calendar year. This is the fifth year of the CID’s existence, so there are only four years of previous values to report. All property levied upon is real property. The millage rate each year has been 3.5 mills.