The Forsyth County Board of Commissioners will hold the first of several public hearings this week on the proposed tax rate for the coming fiscal year.
Included is a proposed increase in the county’s Maintenance & Operating and Fire tax rates. The Bond Rate is advertised to be reduced.
According to a news release from the county, due to the growth in the tax digest, Maintenance & Operating property taxes levied by the county this year will increase by a net 7.42% over the rollback millage rate. The proposed county net Maintenance & Operations rate increased to 4.791 mills. The proposed Fire rate increased to 2.175 mills. The proposed Bond rate will be reduced to 0.970 mills.
County officials say any change in an individual tax bill will depend upon the change in assessed valuation for that property, and the value of any Homestead Exemption, which may also change with the assessed value.
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 or growth occurred.
The public hearings will be held as follows:
Thursday, July 11 at 11 a.m.
Thursday, July 11 at 5 p.m.
Thursday, July 18 at 6 p.m.
All will be held at the Forsyth County Administration Building. Adoption of the millage rate is slated for July 18 at 6:30 p.m. as part of the Board of Commissioners’ regular meeting.
http://accesswdun.com/article/2019/7/811132/forsyth-county-public-hearings-begin-this-week-on-proposed-tax-rate