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Lilburn leaders weigh $180,000 shortfall as senior homestead exemption takes effect
Summary
At a May 18 work session, Lilburn officials discussed the FY2026/27 budget and the revenue impact of a voter-approved $50,000 senior homestead exemption that staff said reduces the taxable digest by about $32 million across roughly 813 properties, creating an estimated $180,000 shortfall to address in the upcoming millage calculation.
Mayor Johnny Crist and councilmembers used the May 18 quarterly idea work session to focus on the FY2026/27 budget and the immediate effects of a newly enacted senior homestead exemption.
Staff reported that the city’s voter-approved $50,000 senior homestead exemption reduces Lilburn’s taxable digest by approximately $32 million across about 813 qualified senior properties, which “creates an initial revenue shortfall of roughly $180,000” that must be accounted for when setting the millage rate for the coming fiscal year. The digest is being evaluated by the Gwinnett County Tax Assessor’s Office.
Council members discussed options to close the gap without overburdening property owners, including spending adjustments and alternative revenue sources explored later in the session. No formal millage decision was made during the work session; the June vote on the FY2026/27 millage was noted as an upcoming action point.
