Friday, September 22, 2000

County gets ready to lower tax rates

For the eighth straight year, the Coweta County Board of Commissioners will lower the county's maintenance and operation property tax rate.

The county will vote Oct. 3 on a rate of 6.2 mills for incorporated areas of the county and 5.21 mills for the unincorporated county. Last year, the rates were 6.26 for the incorporated and 5.27 for the unincorporated residents.

A mill is one dollar per thousand dollars of a property's assessed value, which is 40 percent of its market value, minus any exemptions. Generally, a mill produces about $38 in taxes on a $100,000 home.

The Coweta County Board of Education will set its tax rate Oct. 2 at 5:30 p.m.

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