The Bulloch County Board of Education is slated to set its property tax millage rate, with a quarter-mill rollback, during a called meeting at noon Friday, Aug. 17, at the board’s central offices, 150 Williams Road.
With a rollback from last year’s rate of 9.685 mills to 9.427 mills, the school board avoids a requirement of a tax increase notice and hearings that would have been triggered by an increased in appraised values.
Superintendent Charles Wilson had recommended the rollback in July. It was not on the agenda for their regular meeting Thursday, but board members had indicated support, and staff issued a notice Tuesday of next Friday’s called meeting.
A mill is 1/1,000th the value of property as assessed for taxes, and in Georgia most property is assessed at 40 percent of its market value. So, if looked at as a decrease, the 0.258-mill rollback would cut $10.32 from the potential tax on a home or land with a $100,000 market value. Alternatively, it avoids a 2.72 percent increase in the overall school tax rate on existing property.
The school system’s press release notes that Bulloch County’s school millage is the lowest among six neighboring counties.
However, the rollback in the school system portion of the tax will be offset in part by the lack of a rollback in the county government portion of the millage. The Board of Commissioners is taking advantage of the growth in property values to maintain services against rising costs, so the commissioners are holding tax increase hearings Tuesday, Aug. 14, at 8:30 a.m. and 6 p.m. and third at 8:30 a.m. Tuesday, Aug. 21, in the Bulloch County North Main Annex.
Neither board is increasing its tax rate. The commissioners are simply keeping their rate unchanged.
But under a Georgia law called the Taxpayer Bill of Rights, if boards with taxing authority take advantage of inflationary growth in property assessments to boost their funding, a tax increase notice must be published and three hearings held where taxpayers can ask questions.
The actual effect on individuals’ taxes will vary with the assessments of property values, which are the done by the Bulloch County Board of Tax Assessors staff.