FY2024 adopted budget book — official finance index

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Tax Year
 Net Property 
Tax Digest 
% Change 
from Prior Year
2013 $1,671,755,506 -0.87%
2014 $1,753,938,784 4.92%
2015 $1,924,567,923 9.73%
2016 $2,114,707,898 9.88%
2017 $2,292,551,418 8.41%
2018 $2,528,561,304 10.29%
2019 $2,705,867,791 7.01%
2020 $2,819,982,092 4.22%
2021 $3,002,531,628 6.47%
2022 $3,330,670,815 10.93%
2023* $3,763,658,021 13.00%
*Preliminary estimates based on current information.
The Net Property Tax Digest is the total value of all real and personal property (40% of fair market value) minus 
any property tax exemptions. This is the actual amount that is multiplied by the millage rate to estimate 
property tax revenues. Since 2007, Smyrna has been able to balance its budget using the same low millage rate 
of 8.99 mills. 
Based on preliminary information from the Cobb County Tax Assessor's office, staff is estimating an 13% 
increase in the property tax digest for tax year 2023. As always, Smyrna residents with the floating homestead 
exemption will not see an increase to their Smyrna tax bill. 
Estimated Net Property Tax Digest
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Net Digest in Billions
Tax Year
20