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LaVista Hills feasibilityMillage rate5
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RevenueAssessmentExemptions
Net Assessment
TaxCVI EstimateDifference
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Real property taxes$1,728,982,137$523,771,427$1,205,210,710$6,026,054$11,690,718-$1,237,734
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Real property (no homestead exemption)$192,109,126$192,109,126$960,546
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Commercial/Industrial$693,277,003$693,277,003$3,466,385
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Personal property taxes$150,657,984$150,657,984$753,290$1,151,027-$397,737
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Motor vehicle$53,991,885$53,991,885$269,959$412,498-$142,539
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Intangible$23,748,953$23,748,953$118,745$181,442-$62,697
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Total$2,842,767,088$2,318,995,661$11,594,978$13,435,685-$1,840,707
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Original projected surplus$1,726,682
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Final position-$114,025
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DeKalb County (existing LaVista Hills area)
Millage rate7.64
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RevenueAssessmentExemptions
Net Assessment
TaxCVI EstimateDifference
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Real property taxes$1,728,982,137$177,975,000$1,551,007,137$5,012,421$11,690,718$86,053
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Real property (no homestead exemption)$192,109,126$192,109,126$1,467,714
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Commercial/Industrial$693,277,003$693,277,003$5,296,636
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Personal property taxes$150,657,984$150,657,984$1,151,027$1,151,027$0
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Motor vehicle$53,991,885$53,991,885$412,498$412,498$0
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Intangible$23,748,953$23,748,953$181,442$181,442$0
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Total$2,842,767,088$2,664,792,088$13,521,738$13,435,685$86,053
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Original projected surplus$1,726,682
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Final position$1,812,735
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Sources
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Calculations are based on an analysis by Russell Carleton, a researcher who lives in the LaVista Hills area
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House Bill 520: http://www.legis.ga.gov/legislation/en-US/Display/20152016/HB/520
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LaVista Hills feasibility study: https://drive.google.com/file/d/0BxYsWZ94NHZCMXNTcXhIUkJ3Zk0/view
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DeKalb County tax records
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Notes
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The chart above shows estimated 2014 property tax revenue under the city of LaVista Hills and under unincorporated DeKalb County.
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1. LaVista Hills' homestead property tax exemption: The value of 1 mill + the number of residential parcels in LaVista Hills (19,775) X .9 (estimate of how many residences receive homestead exemption) X 10,000 (value of the homestead exemption per property)
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2. DeKalb County's homestead property tax exemption: The number of residential parcels in LaVista Hills (19,775) X .9 (estimate of how many residences receive homestead exemption) X 10,000 (value of the homestead exemption per property)
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3. LaVista Hills' tax: Assessed value X millage rate divided by 1,000
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4. DeKalb County's tax: Assessed value X 2014 HOST factor X millage rate divided by 1,000
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5. The DeKalb County estimates are $86,053 different from the CVI estimates because this analysis used aggregate numbers rather than accounting for each individual parcel
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