The Fayette County Board of Education has announced its intention to adopt the property tax millage rate at 19.250 mills, which will effectively raise property taxes the board of education will levy this year by 4.90 percent over the rollback millage rate.
The proposed millage rate is a reduction from the prior year’s millage rate by 0.250 mill.
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.
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 occurred.
The fiscal year 2020 budget adopted by the Fayette County Board of Education requires a millage rate higher than the rollback millage rate. Therefore, Georgia law requires three public hearings be held to allow the public an opportunity to express their opinions on the proposed increase.
Increases in the fiscal year 2020 budget include additional classroom teachers, additional support staff, years of service credit increases, and a $3,000 raise for classroom teachers as well as other certified staff. Classified support staff will receive a 2 percent cost of living increase. The total general fund budget is $229.5 million.
All concerned citizens are invited to the public hearings on this tax increase to be held at the Lafayette Educational Center located at 205 LaFayette Avenue, Fayetteville, Georgia on Aug. 14, 2019 at 12 noon and 6 p.m., and Aug. 21, 2019 at 6 p.m.
The millage adoption is scheduled to occur Aug. 21, 2019 at 6 p.m. at the location listed above.