County an­nounces pro­posed tax rate for 2019

The Standard Journal - - LOCAL - From press re­lease

The Polk County Board of Com­mis­sion­ers to­day an­nounces its in­ten­tions to adopt a Gen­eral Main­te­nance and Op­er­a­tions mill­age rate for 2019, dur­ing a Spe­cial Called Meet­ing to be held on Au­gust 29, 2019 at 6:00 pm.

The ten­ta­tive pro­posed rate of 11.475 mills would in­crease the prop­erty taxes it will levy this year by 2.54% per­cent­ages over the roll­back mill­age rate of 11.191 mills.

Each year, the Board of Tax Asses­sors is re­quired to re­view the as­sessed value for prop­erty tax pur­poses of tax­able prop­erty in the County. When the trends 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 ad­just 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 digest that last year’s mill­age rate would have pro­duced had no re­assess­ments oc­curred.

Be­fore the Polk County Board of Com­mis­sion­ers may set a fi­nal mill­age rate, Ge­or­gia law re­quires three pub­lic hear­ings to be held to al­low the pub­lic an op­por­tu­nity to ex­press their opin­ions on the pro­posed in­crease.

All con­cerned cit­i­zens are in­vited to the pub­lic hear­ings on this pro­posed tax in­crease to be held at the Polk County Board of Com­mis­sion­ers Meet­ing Room, 29 Hugh Hardi­son Drive, Cedar­town, Ga., 30125 on Au­gust 8, 2019 at 10 a.m. and 5:30 p.m. and on Au­gust 15, 2019 at 6:00 pm.

The County Man­ager fur­ther ex­plains that dur­ing the Spe­cial Called Meet­ing to be held on Au­gust 29, 2019, the Board of Com­mis­sion­ers will con­sider set­ting the Gen­eral Main­te­nance and Op­er­a­tions mill­age rate that could be 11.475 mills or less, and can­not set a higher rate than the 11.475 mill­age rate that has been ad­ver­tised.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.