Peachtree City officials are considering a significant change to local taxation that could impact property tax rates for residents. During a town hall meeting on December 17, 2024, city leaders discussed the potential implementation of a new local option sales tax (FLOST) that would allow local governments to collect an additional penny on sales tax. This proposal aims to shift some financial reliance from property taxes to sales taxes, with the primary goal of providing property tax relief.

Currently, Peachtree City residents pay a total of 7% in sales tax, which includes 4% to the state and 3% divided between local governments. If approved, the FLOST would increase the local share, but any revenue generated would need to be offset by a corresponding reduction in property taxes, meaning it would not result in new revenue for the city. Instead, it is designed to incentivize local governments to lessen their dependence on property taxes.

For the FLOST to be enacted, all local governments in Fayette County must agree to participate, excluding the school board. The tax would be in effect for five years, and local leaders emphasized the importance of collaboration among municipalities to ensure its success.

Residents were invited to voice their opinions and questions during the meeting, with several community members seeking clarification on the specifics of the proposed tax and its implications for the budget. City officials noted that discussions are still in the early stages, and a decision must be made by March 1, 2025.

As Peachtree City navigates this potential shift in taxation, the focus remains on balancing the financial needs of the community while providing relief to property owners. The outcome of this proposal could significantly shape the city's fiscal landscape in the coming years.