Here is the information regarding Millage rate adjustments and hearings.
In the event the rate is increased there will have to be three public hearings. This is not known yet been decided yet as the tax digest has not been reviewed and/or agreed to.
In the event there is a Millage rate rollback, meaning the rate is lowered, there will only be one public hearing, this hearing will be August 18th at 6 PM, in the Commissioners hearing room, 22 East Broad St., Newnan, GA 30263 (upstairs from the tag office).
I do not know the status of whether or not the capacity of attendance. Based on current COVID issues, I would assume this will be limited and have limited capacity and, for most, will have to be attended virtually via their online stream. This concerns me due to the number of citizens wanting to voice a concern and the band with capacity the county will have.
What I would like everyone to understand is, in my example, if the average property value increased 20%, and I am saying average as I know some are more and some are less, and the Millage rate for the county ,maintenance and Operations (M&O) decreased from .660% to .590%, which would technically represent a Millage rate rollback, the state only requires one public hearing and that will be August 18th. But understand, this lower Millage rate will only decrease the value of property taxes by $7.00 per $10,000.00 dollars in property value. Given this example if your property value increased by 20% say from the median of $268 ,000.00 (May 2019 - April 2020) to $321,600.00, and you have only a Homestead exemption, your tax increase will be $544.50 annually. This would represent an increase in property tax of 18.2% on unrealized gains. Something to think about.
The attached is a corrected Millage rate example as one of the line items was skewed, in previous example provided, and is now corrected.
Please let me know if you have any questions. I will keep everyone informed of the meeting as it becomes available. Contact your Commissioners about the Millage rate and please share with friends and neighbors.
