Fulton County |
Code of Ordinances |
Part I. LOCAL CONSTITUTIONAL AMENDMENTS AND LOCAL ACTS |
Chapter 54. SPECIAL DISTRICTS |
Article II. COMMUNITY IMPROVEMENT DISTRICTS |
§ 54-41. Taxes, fees and assessments.
(a)
The board may levy taxes, fees and assessments within the district only on real property, specifically excluding all property exempt from ad valorem taxation under the constitution or laws of the State of Georgia and all property used for residential, agricultural, or forestry purposes and specifically excluding tangible personal property and intangible property. Any tax, fee, or assessment so levied shall not exceed 2½ percent of the aggregate assessed value of all such real property. The taxes, fees, and assessments levied by the board upon the properties shall be equitably apportioned among the properties according to the need for governmental services and facilities created by the degree of density of development within the district and not for the purpose of providing those governmental services and facilities provided to the county or municipality as a whole. Any tax, fee, or assessment so levied shall be collected by Fulton County in the same manner as taxes, fees and assessments are levied by the county. Delinquent taxes shall bear the same interest and penalties as Fulton County ad valorem taxes and may be enforced and collected in the same manner. The proceeds of taxes, fees, and assessments so levied, less a fee to cover the costs of collection of one percent thereof, but not more than $25,000.00 in any one calendar year, shall be transmitted by Fulton County to the board and shall be expended by the board only for the purposes authorized hereby.
(b)
The board shall levy the above-provided taxes between January 1 and June 1 each calendar year and notify in writing the collecting governing body by June 15 each year so it may include the levy on its regular ad valorem tax bills.
(c)
If a parcel of real property is removed from a district or otherwise would become nontaxable it shall continue to bear its tax millage then extant upon such event for bonded indebtedness of the district then outstanding until said bonded indebtedness then outstanding is paid or refunded.
(d)
In accordance with the requirements of Code Section 36-71-7 of the O.C.G.A., each property paying taxes, fees, or assessments levied by the board for any public facility, as set forth in Section 2 of this Act, shall receive a credit equal to the present value of all such taxes, fees, and assessments toward any impact fee as may be levied by Fulton County against said property for system improvements, as defined under Chapter 71 of Title 36 of the O.C.G.A., known as the "Georgia Development Impact Fee Act", which are in the same category as said public facility.
(1987 Ga. Laws (Act No. 645), page 5460, § 6; 1998 Ga. Laws (Act No. 749), page 4065, § 5)