Get ready, set tax
rates! From STAFF REPORTS
Fayette
County residents will be getting their property
tax bills soon, and county governments are
working this week to determine how high those
bills will be.
State
authorities released the county's tax digest, a
listing of the value of taxable property, last
week. This week, finance offices are crunching
numbers to come up with a proposed tax rate that
will provide enough money to fuel the
governments' budgets based on that tax digest.
The
governments will set tentative tax rates, then
advertise those proposed rates for two weeks
before conducting public hearings and taking a
final vote.
County
taxes aren't expected to change. County
commissioners are tentatively shooting for a
meeting Oct. 11 to adopt a proposed rate of 5.21
mills for the unincorporated areas of the county,
the same as last year. The rate incorporated
areas is expected to drop slightly, from 6.35
mills to 6.31 mills. Fire district taxes will
remain at four mills, said finance director Emory
McHugh.
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.
Fayetteville
City Council has set a meeting for Oct. 6 at 7
p.m. to adopt its proposed tax rate of 2.59 mills
plus .75 mills for its capital projects, a
reduction of 18 hundredths of a mill from last
year's rate of 3.52 mills.
Tyrone
Town Council will meet Oct. 7 to adopt its
2.5-mill rate, which hasn't changed since 1994.
The
Board of Education is meeting today to
tentatively adopt a proposed rate. The current
rate is 19.84 mills for maintenance and operation
and 4.15 mills for debt service. After
advertising the proposed rate, the board will
meet again Oct. 8 for a public hearing and final
vote.
Peachtree
City will vote to retain its current tax rate of
4.06 mills at its regular meeting Oct. 7. The
rate hasn't changed in four years.
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