Holly Springs property owners may see a slight decrease in their property tax bill in October.
The Holly Springs City Council voted Thursday to set the millage rate for 2021 at 4.220 mills, down from 4.440 in 2020. The millage rate is used to calculate property taxes.
Along with the set millage rate for city operations, Holly Springs residents will also see the Cherokee County Fire District millage rate of 3.292 mills on tax bills, pursuant to an intergovernmental agreement between the city and Cherokee County, Holly Springs City Manager Rob Logan said. The Cherokee County Board of Commissioners sets the millage rate for the Cherokee County Fire District annually, Logan said. The 3.292 millage rate is the same as last year. The combined millage rate for Holly Springs maintenance and operations and Cherokee County Fire District is 7.512 mills, which represents a reduction from 7.692 mills in 2020.
Logan said the city will have a full rollback of the millage rate again this year. A “rollback” millage rate is used to produce the same total revenue on the current year’s digest that last year’s millage rate would have produced. Logan said a $400,000 house taxed at 7.512 mills, assuming no exemptions, would be billed $1,201.92 for Holly Springs property taxes, a little under $29 less than it would have been at the previous year’s millage rate, according to Logan.
Logan added that Holly Springs provides a homestead freeze exemption for municipal purposes. The base year for the homestead freeze was established in 2009. When the fair market value of homestead property exceeds the base year amount, there is a homestead freeze exemption that offsets the increase in value back to the base, he said. For homes bought subsequent to 2009, the base year is set at the time of the purchase. Seniors aged 62 years or older get an exemption up to $409,900 off the fair market value of their home.
Seniors, age 62 years or older get an exemption up to $409,900 off the fair market value of their home. Logan said everyone who has a homestead on their property is eligible for the freeze exemption regardless of their age. For information on how to apply for a homestead exemption, contact the Cherokee County Tax Assessor, 678-493-6120.
Also at the meeting Thursday, the city council heard a request from city staff for a design services contract with BM&K Construction in the amount of $26,575. The design services are for a traffic signal and drainage/sidewalk design at the intersection of Holly Springs Parkway and Fox Creek Drive.
Logan said Southeastern Engineering, Inc. did a traffic study last year to evaluate the need for a traffic light at this intersection. The report indicated that a traffic signal was warranted at this intersection, Logan said. The intersection is located across from Turner Village, which is under construction, and Fox Creek Townhomes. The city council will vote on this proposal at its Sept. 27 meeting. The meeting will be held at City Hall, 3235 Holly Springs Parkway, and will be streamed online at hollyspringsga.iqm2.com/citizens/default.aspx.