Introduction
Hey there, readers! Welcome to our in-depth exploration of Dekalb County revenue. As residents of the county, it’s crucial to understand where our tax dollars go and how they’re being used to improve our community. Throughout this article, we’ll dive into various aspects of Dekalb County revenue, providing insights and breakdowns to keep you informed.
Dekalb County, located in the heart of Georgia, is home to over a million residents. With its thriving population and diverse economy, it’s essential that county officials manage revenue effectively to support the county’s needs. So, let’s delve into the details and see how your tax dollars are being put to work.
Property Taxes: A Cornerstone of Revenue
Property taxes constitute a significant portion of Dekalb County revenue. Homeowners, businesses, and landowners are obligated to pay these taxes based on the value of their property. The county uses this revenue to fund essential services such as public schools, infrastructure maintenance, and emergency services.
Assessing Property Value
The Dekalb County Tax Commissioner’s Office is responsible for assessing property values. Every four years, the county conducts a reappraisal process to ensure that property values are accurate and equitable. This process involves analyzing market data, building characteristics, and comparable sales to determine fair market value.
Property Tax Rates
Property tax rates in Dekalb County vary depending on the location and the type of property. The county sets the millage rate, which determines the amount of tax owed per $1,000 of assessed value. The millage rate is used in conjunction with the assessed value to calculate the property tax bill.
Sales Taxes: Driving Economic Growth
Sales taxes are another major source of revenue for Dekalb County. When you purchase goods or services, a percentage of the price you pay is collected as sales tax. This revenue is used to fund a wide range of county programs and initiatives.
Taxable Items and Rates
Dekalb County levies a 7% sales tax on most goods and services. However, certain items, such as groceries and prescription drugs, are exempt from sales tax. The county also collects a 1% transportation special purpose local option sales tax (TSPLOST) to fund transportation projects.
Economic Impact
Sales taxes play a vital role in driving economic growth in Dekalb County. By encouraging spending, sales taxes stimulate business activity and create jobs. The revenue generated by sales taxes helps to support a vibrant economy and improve the county’s overall quality of life.
Other Sources of Revenue
In addition to property taxes and sales taxes, Dekalb County generates revenue from a variety of other sources. These include:
Income Taxes:
The Dekalb County School District collects a 1% income tax to support public education. This tax is levied on all wages, salaries, and other forms of income earned within the county.
Hotel/Motel Taxes:
Hotels and motels in Dekalb County are subject to a 8% hotel/motel tax. This tax is used to fund tourism promotion and development efforts.
Fees and Permits:
The county also generates revenue through fees and permits for various services and activities, such as building permits, business licenses, and park fees.
Breakdown of Revenue Sources
The following table provides a detailed breakdown of the various sources of revenue for Dekalb County:
| Revenue Source | Amount (FY 2022) |
|---|---|
| Property Taxes | $1.2 billion |
| Sales Taxes | $1.0 billion |
| Income Taxes | $0.5 billion |
| Hotel/Motel Taxes | $0.1 billion |
| Fees and Permits | $0.2 billion |
Total Revenue: $3.0 billion
Conclusion
Understanding the sources and uses of Dekalb County revenue is essential for residents to make informed decisions about the future of their community. The county’s robust revenue base enables it to provide a wide range of services and programs that enhance the quality of life for all residents.
If you’re interested in learning more about Dekalb County finances, be sure to check out our other articles on the county website. Stay tuned for updates on revenue trends, budget allocations, and the latest developments in the county’s financial landscape.
FAQ about DeKalb County Revenue
What is the main source of revenue for DeKalb County?
- Property taxes are the primary source of revenue, contributing a significant portion to the county’s budget.
How is property tax revenue calculated?
- Property tax revenue is determined by multiplying the assessed value of a property by the millage rate set by the county.
What is the current millage rate in DeKalb County?
- The current millage rate varies depending on the location within DeKalb County. Visit the county’s website or contact the tax assessor for specific information.
Are there any exemptions or deductions for property taxes?
- Yes, certain exemptions and deductions may be available for eligible homeowners, such as homestead exemptions and senior citizen discounts.
How can I pay my property taxes?
- Property taxes can be paid online, through the mail, or in person at authorized locations.
What is the deadline for paying property taxes?
- The deadline for paying property taxes is typically in December or January.
What happens if I don’t pay my property taxes on time?
- Unpaid property taxes may result in penalties, interest charges, and potential foreclosure proceedings.
How is the revenue from property taxes used?
- Property tax revenue is primarily used to fund essential county services such as education, public safety, and infrastructure maintenance.
How can I find out more about DeKalb County’s finances?
- Visit the county’s website or contact the Finance Department for detailed budget information and financial reports.
Who can I contact for additional assistance?
- Contact the DeKalb County Tax Assessor’s Office at
or email for specific property tax-related inquiries.
