June 6, 2017
301 College Avenue
Athens, GA 30601
Taxpayer's Bill of Rights Public Hearing #3 of 3
Tuesday, June 6, 2017
Before the Athens-Clarke County Mayor & Commission finalizes the FY18 Budget and sets the 2017 millage rate, Georgia law requires three public hearings to allow the public an opportunity to express their opinions on the tentative property tax revenue increase. The millage rate is proposed to remain the same as 2016.
As the Tax Assessor's Office annually updates the total tax digest – the estimated market value of taxable property – Georgia law requires that Athens-Clarke County calculate a "rollback" millage rate. The FY18 rollback millage rate is calculated as the millage rate needed to produce the same total revenue on the 2017 tax digest that the FY17 millage rate would have produced had no reassessments or inflationary increases occurred to property such as land, buildings, and improvements.
The recommended 13.95 millage rate for FY18 would increase estimated property tax revenues to be levied in 2017 by 4.25% over the rollback millage rate. This increase in revenue over the rollback millage rate is due to inflationary growth or reassessment growth in the market value of existing real property.
This does not mean all property owners will see a 4.25% increase in their property taxes. Individual taxes are based on the current assessed value of real property that may remain the same, increase, or decrease depending on the market value of each parcel of property.
Without this tentative property tax revenue increase, the FY18 millage rate would be no more than 13.381 mills. The proposed tax increase for a home with a fair market value of $175,000 is approximately $34.14. The proposed tax increase for non-homestead property with a fair market value of $225,000 is approximately $51.21.
Even maintaining the current millage rate of 13.95, the homeowner of a median priced home will continue to pay similar or lower property taxes than many neighboring communities and similar-sized communities in Georgia. A report comparing tax mills, taxes, and exemptions for Athens-Clarke County and both local and comparably-sized communities is available on the website at www.athensclarkecounty.com/budget.
The Athens-Clarke County Commission is scheduled to adopt the FY18 Budget at their regular monthly meeting on Tuesday, June 6, 2017 at 6:00 p.m. in the Commission Chamber on the second floor of City Hall, 301 College Avenue.
Before the Athens-Clarke County Mayor and Commission finalizes the FY18 Budget and sets the 2017 millage rate, Georgia law requires three public hearings to allow the public an opportunity to express their opinions on the increase. In addition to these three required public hearings, the Athens-Clarke County Commission is scheduled to review the FY18 Mayor’s Recommended Budget at a series of meetings.