During a recent Gwinnett County government meeting, officials addressed concerns regarding property tax bills amid rising property values. The discussion highlighted the value offset exemption (VOE), which aims to alleviate the financial burden on homeowners. Board members reassured residents that despite increases in property values, those who own and occupy their homes and qualify for the VOE will not see an increase in the county government portion of their tax bills.
Examples presented during the meeting illustrated how the VOE has effectively kept county taxes stable for homeowners in various areas, including Suwanee and unincorporated Lawrenceville. The board emphasized that while property values have surged, the millage rate will remain unchanged from the previous year, providing some relief to homeowners.
As the meeting transitioned to the public comment segment, residents were invited to voice their opinions on the millage rate. One homeowner, Terry Nabbit, advocated for a decrease in the county millage rate, citing a significant increase in property values over the past four years. Nabbit argued that the county should consider providing tax breaks to residents, as any increase in the millage rate would ultimately affect not only homeowners but also renters, who would face rising costs passed down from landlords.
The board encouraged residents to submit written comments or questions online, ensuring that all feedback would be reviewed. The meeting underscored the ongoing dialogue between county officials and residents regarding property taxes and the financial implications of rising property values.