Fayette County tax bills may
go down individually, but the county's coffers will see an increase in
revenue over last year.
Many of the county's property
owners should see a slight decrease in their tax bills this fall after
the Fayette County Commission decided to lower the millage rate last Thursday
in an amount equal to the rise in taxable value caused by recent county-wide
reassessments.
Residents in incorporated areas,
such as Fayetteville and Peachtree City will see the rate drop from 7.585
mills to 7.116 mills on their bills this year.
In the unincorporated areas,
the rate is dropping from 10.418 to 9.78 mills this year. Residents in
the unincorporated areas pay a higher millage rate because the county
provides them with fire service, explained the county's finance director
Mark Pulliam.
This year, the county is expected
to collect $30.3 million in taxes, which is an increase of 11.2 percent
over last year's $29.3 million. Pulliam explained the growth in tax collections
is due to new businesses and homes in the county this year.
"We rolled back all the
growth from reassessments," he said.
This is the third consecutive
year the County Commission has lowered the millage rate.
A mill is one-thousandth of
a dollar. A homeowner's tax bill is figured on 40 percent of the assessed
value of the home and land, after homestead exemption.
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