Three public
hearings have been set on the tentative millage rates: Sept. 23 at 11
a.m. and 6 p.m., and Sept 30 at 9 a.m. The actual 2003 millage rates are
expected to be approved Sept. 30 following the final public hearing.
The tentative
millage rates reflect an overall one percent increase in unincorporated
areas and a 7 percent increase in incorporated areas for maintenance and
operations and a 24 percent increase in the Fire District tax. These percentage
increases are being advertised according to state law reflecting recent
reappraisals and growth in the tax digest.
The tentative
2003 millage rate for unincorporated maintenance and operations is actually
remaining at 3.93, the same level as in 2002. The 2003 millage rate for
incorporated maintenance and operations has been tentatively set at 5.13
up from 5.00 in 2002. The difference between unincorporated and incorporated
millage for maintenance and operations results from a rollback for insurance
premium tax. The county must roll back the millage rate in unincorporated
areas to reflect the insurance premium tax.
That rollback
is not reflected in the incorporated millage, because municipalities also
receive the insurance premium tax and can reflect that in the municipal
millage rates. The fire district tax millage reflects an increase from
2.05 in 2002 to 2.50 in 2003. The increase is to be used to provide additional
personnel as the county's fire department grows and increases the level
of service to citizens countywide.
Looking at
the unincorporated areas of the county, an increase in homestead exemption
from $5,000 in 2002 to $10,000 in 2003 will actually result in slight
tax savings for those living in a house with a fair market value of $100,000.
That savings
is approximately $3.25 if the value of the house has not changed from
2002 to 2003. The owner of a house with a fair market value of $200,000
will see a slight increase in tax. The increase is approximately $1.60
if the value of the house has not changed from 2002 to 2003. The owner
of a house with a fair market value of $400,000 will see an increase in
tax of approximately $37.60 if the value of the house has not changed
from 2002 to 2003.
Looking at
the incorporated areas of the county, the owner of a $100,000 house will
see either a tax savings of approximately $21.10 or a savings of approximately
$17.85 if that house is located inside a county fire district. The owner
of a $200,000 house will see either a savings of approximately $15.90
or an increase of approximately $5.35 if the house is located in a county
fire district. The owner of a $400,000 house will see either a savings
of approximately $5.50 or an increase of approximately $51.75 if the house
is located in a county fire district. Again, these figures are based on
houses that have not increased in value from 2002 to 2003.
These figures
are for taxes collected for the Coweta County Government and do not reflect
taxes imposed by the school board, the various municipalities, or the
state.
The public
is invited to make comments on the tentative millage rates at any of the
three public hearings. The Board of Commissioners has tried to minimize
increases needed to raise revenues required to continue providing services
at a level citizens deserve.







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