June 20, 2023
CONTACT: Lindsey Wiles
Taxes Cut for the Fifth Year in a Row
MARIETTA – On Wednesday, June 14, 2023, the Marietta City Council voted to adopt a balanced budget for Fiscal Year 2024, which begins July 1, 2023, and ends June 30, 2024. The budget, which was recommended by City Manager Bill Bruton and Finance staff, was passed with no service reductions and no tax or fee increases and included a property tax decrease.
City staffed recommended a reduction to the millage rate thus allowing homeowners within Marietta City limits to see a decrease on their city property taxes for the fifth year in a row. Additionally, the City of Marietta has not raised property taxes in 20 years. The City also implemented a property assessment freeze (Floating Homestead Exemption) in 2001 that ensures the appraised value of a homeowners’ residence remains the same as the time of purchase or the implementation of the exemption in 2001 as long as that resident maintains ownership of the property. The Floating Homestead Exemption applies only to the City, Cemetery, Redevelopment, and Parks millage rates.
The City’s overall FY 2024 budget is $395.9 million, which includes $73.7 million for the general fund budget. The general fund budget funds general government services including police and fire services, parks and recreation programs, code enforcement, planning and development, and streets and public works maintenance.
The city’s total millage rate will decline from 4.817 mills to 4.692 mills. The City’s millage rate that supports the General Fund’s governmental services is currently 2.788 mills and has remained the same since 2003.
More info: Marietta’s Finance Department/Budget Division, 770-794-5544.