Tyrone is looking at what could be a property tax increase of 10.82 percent based on increasing values, unless continued discussion by the Town Council results in some form of rollback.
The town on Aug. 2 announced a proposed property tax increase of 10.82 percent while maintaining the 2.889-mill tax rate in place for the past 11 years. The increase, if adopted, would generate $113,946 in additional tax revenues.
Mayor Eric Dial on Friday said the millage topic at the Aug. 3 meeting led to the council having two options to consider. One of those will be to maintain the 2.889-mill rate with a subsequent tax increase, while the other will be to institute a rollback.
A rollback would place the rate at 2.643 mills.
Based on the Aug. 2 announcement, the council will hold three public hearings as required when a full rollback is not adopted.
The meetings will be held at Town Hall located at 881 Senoia Road. Meeting times are Aug. 18 at 9 a.m. and Aug. 22 at 9 a.m. and 6:30 p.m.