Cobb County proposes flat tax rates while noting slowing growth in property values

During the Cobb County Board of Commissioners meeting on July 8, 2025, significant discussions centered around the proposed budget for the upcoming fiscal year, particularly focusing on property tax rates and the overall financial health of the county.

The meeting revealed that the general fund tax rate is recommended to remain unchanged at 8.46 mills. In contrast, a slight decrease of 0.02 mills is proposed for the fire district fund, which translates to approximately one million dollars. This adjustment is deemed sustainable within the fire fund's budget for 2025, following discussions with fire department leadership and board members.

Additionally, the Cumberland Special Service District, which taxes commercial properties, is set to maintain its rate at 2.45 mills. This revenue is crucial for funding the debt service on stadium bonds. Notably, the 6 Flags Special Service District will no longer have an assessed millage rate due to the recent establishment of Mableton, effectively reducing its contribution to the county's finances to zero.

The meeting also highlighted a net increase of 3.39% in the county's tax digest, although this growth is slowing compared to previous years, which saw increases of 8% to 10%. Residential real property saw a growth of about 3.5%, while the gross digest increased by 2.9%. Exemptions grew at a lower rate of 1.5%, indicating a slight shift in the overall financial landscape.

A key point of discussion was the impact of the floating homestead exemption on primary residences in Cobb County. An example was presented showing a significant increase in the fair market value of a home, which rose from approximately $200,000 in 2018 to $450,000 in 2024. This trend underscores the challenges residents may face regarding property taxes as home values continue to rise.

In conclusion, the discussions during the meeting reflect a cautious approach to budgeting in Cobb County, balancing the need for revenue with the realities of slowing growth. As the county prepares for the 2025 fiscal year, these financial decisions will play a crucial role in shaping the community's economic landscape.