The Coweta County Board of Education will hold three public hearings over the next two weeks (on August 24 and August 31) concerning its intention to leave the school system’s current ad valorem tax rate of 18.59 mills in place during 2006.

Maintaining the same millage rate in 2006 will increase the property taxes the Coweta County School System will levy this year by 1.03 percent over the rollback millage rate.

Each year, the board of assessors is required to review the assessed value for property tax purposes of taxable property in the county. When the trend of prices on properties that have recently sold in the county indicate there has been an increase in the fair market value of any specific property, the board of tax assessors is required by law to re-determine the value of such property and increase the assessment. This is called a reassessment.

When the total digest of taxable property is prepared, Georgia Law requires that a rollback millage rate must be computed that will produce the same total revenue on the current year’s new digest that last year’s millage rate would have produced had no reassessments occurred.

Georgia Law requires that three public hearings be held to allow the public an opportunity to express their opinions on their increase. All concerned citizens are invited to the public hearings on this tax increase to be held on August 24, 2006 at 7:30 a.m. and 7 p.m., and August 31, 2006 at 6 p.m. in the Coweta County School System boardroom, 237 Jackson Street, Newnan, Georgia.

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