The Fayette County Board of
Education in a called session Monday approved a tentative millage rate
of 21.694 for Fiscal Year 2003, a decrease of .089 mills from last year's
rate.
Because the millage rate exceeds
the rollback millage rate automatically calculated by the state, the decrease
will be advertised as an increase and yet will result in a savings of
a little under $10 to the owner of a home valued at $200,000.
However, if your home's tax
appraisal value was $200,000 last year, there's an excellent chance that
this value has increased and that you will receive a tax bill for more
than you paid in 2001.
The decrease, that's an increase,
that's a decrease, which is really an increase, is the result of a 9.5
percent growth in the county's digest.
"This is government gobbledygook
at its best," School Board Chairman Mickey Littlefield said Monday.
Because of this growth, the
board is able to decrease taxes despite the fact that the state of Georgia
has lost revenue for four straight quarters and cut their funding to local
school systems as a result.
"We're fortunate in this
county that due to growth they just keep collecting more tax dollars and
we don't have to raise millage rates," Littlefield said. That is
not the case in many other counties, he noted.
The millage rate for maintenance
and operations for the school system is decreasing by .403 mills while
the bond millage rate is increasing by 0.314. The total millage rate set
the digest has grown by 70 percent. Almost two mills have been shaved
off the school rate since 1999.
Of the 9.5 percent growth in
the digest for this year, 6.7 percent is due to reassessments and 2.8
percent to real growth.
If your home was valued by
the tax assessor's office at $200,000 in the year 2000, and that value
has not changed, you will in fact save $7.12 on the portion of the taxes
you pay for schools. But if your property has been reassessed, using an
average of 6.7 percent increase, it is now worth $212,540. The portion
of your property bill which funds the county's schools was $1,742 last
year. This year it may be $1,844.
Your net "savings"
is negative $102.
All of the county's 37,000
parcels of property are considered for revaluation each year, Ellen Mills,
chief tax appraiser, confirmed Tuesday. There was a time when reassessments
occurred every three years, but no more. Of those 37,000 parcels, 1,500
are industrial or commercial areas which account for about 17 percent
of that tax base, 800 are exempt (churches, etc.) and the rest are agricultural
or residential.
Mills estimates that values
changed on 35,000 parcels, the majority of which were increases.
Back
to News Home Page |







Easy button Return it to long suffering taxpayers including those who have paid huge tabs to educate other people's kids…