Atlanta taxes not likely to hit 2002 levels

Written by Atlantic Business Chronicle.

{While Atlanta property owners face a hefty tax increase next year, the tax rate probably won't be as high as the last time the city suffered a budget crunch, the city's chief operating officer said Thursday.

Property taxes soared to 9.02 mills in 2002, Mayor Shirley Franklin's first year in office, or $9.02 on every $1,000 of assessed value.

Since then, Franklin and the Atlanta City Council have rolled back the tax rate to 7.09 mills.

But the 2009 budget proposed by the mayor on Wednesday would raise property taxes by $40 million to help....}

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