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PROPOSED PROPERTY TAX INCREASE

Post Date:07/30/2018 8:39 AM

PROPOSED PROPERTY TAX INCREASE 

 

 

The Coweta County Board of Commissioners today announces the proposed 2018 property taxes it will levy this year. The proposed rates represent an increase of 2.5 percent 
(incorporated) and 2.7 percent (unincorporated) over the rollback millage rate.  

The proposed tax increase for a home with a fair market value of $200,000 is approximately $13.16 for an incorporated property, and $12.32 for the same property in unincorporated Coweta. 

The 2018 proposed rate for the Fire District is 3.65 mills, the same rate as 2017. The proposed Fire Bond District is 0.44 mills, the same rate as 2017.  

When the total digest of taxable property is prepared, Georgia law requires taxing authorities to compute a rollback millage rate for maintenance and operations that will produce the same total revenue based on the current year’s digest that last year’s millage rate would have produced had no reassessments occurred.  

The proposed budget that will be presented to the Coweta County Board of Commissioners on September 6, 2018, requires a millage rate higher than the rollback millage rate. Therefore, before the Coweta County Board of Commissioners may finalize the proposed budget and 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 increase. 

All concerned citizens are invited to the public hearings on this tax increase to be held on August 7th at 6:00 PM, August 21st at 7:30 AM, and August 21st at 6:00 PM. All three (3) hearings will take place in the Commission Chambers at 37 Perry Street Newnan, Georgia. The millage rate adoption is scheduled to take place on August 21st at 6:00 PM. 

NOTE:  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 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 adjust the assessment. This is called a reassessment.  

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