PRESS RELEASE: City of Carrollton Property Taxes

//PRESS RELEASE: City of Carrollton Property Taxes

PRESS RELEASE: City of Carrollton Property Taxes

PRESS RELEASE

CITY OF CARROLLTON

August 16, 2018

 

CITY OF CARROLLTON PROPERTY TAX INCREASE

 

For Immediate Release:

The Mayor and Council of the City of Carrollton today announces its intention to increase the 2018 property taxes it will levy this year by 2.31 percent over the rollback millage rate.

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 reassessment.

When the total digest of taxable property is prepared, Georgia law requires that a rollback 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.

The budget adopted by the Mayor and City Council requires a millage rate higher than the rollback millage rate. Therefore, before the Mayor and City Council of the City of Carrollton sets a final millage rate for 2018, 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 in the 2nd floor conference room, City Hall, 315 Bradley Street on Monday August 27, 2018 at 11:30 a.m. and 6:00 p.m., and at the Public Safety Annex at 115 West Center Street on Monday September 10, 2018 at 6:00 p.m.

For questions concerning this press release, please contact Jim Triplett, Finance Director, at (770) 830-2000 or jtriplett@carrollton-ga.gov.

By | 2018-08-17T18:16:53+00:00 August 17th, 2018|News and Updates|