Tax cut for real?

News
Share this Post

Tax cut for real?

News
Share this Post

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.

Back

to News Home Page |

Stay Up-to-Date on What’s Fun and Important in Fayette

Newsletter

Latest Comments

VIEW ALL
Newsletter
Scroll to Top