How much is
Fayette County worth?
How about $10,296,063,260.
That's the
worth of the 2004 county tax digest, reflecting a $1.89 billion increase
in the fair market value of all taxable property within the county, Tax
Commissioner George Wingo said Tuesday afternoon.
Wingo has released
the annual register of the county's worth to the school board, county
commission and city councils of each of Fayette's muncipalities, which
now must advertise and then lock in their tax rates for the fiscal year.
Nearly all
property owners can expect increases in some form as the county school
board on Tuesday conceded it will need a tax hike of more than 1 mill
to cover cuts in state funding.
Peachtree City
residents will also see a tax increase, while the city of Tyrone will
hold its millage rate even from the current year budget.
Fayetteville
and the County Commission both rolled their tax rates back.
Of the $1.89
billion increase, $685.5 million was the result of this year's revaluations,
which is required by law every three years, Wingo said.
Tax bills will
be mailed starting Oct. 1 and taxes are due within 60 days, or by Dec.
1.
While Wingo's
office doesn't collect sales tax, he said recent information on distribution
of the 1-cent LOST funds indicates the county's retail sales this year
will top the $1.6 billion mark. Wal-mart stores with two locations in
the county account for about 10 percent of the total, Wingo said.
Millage rate hearings
must hold public hearings on their proposed tax rates if they reflect
an increase or no change from one year ot the next. Lowering the millage
does not require a hearing.
Board of Education:
Increase / Sept. 11, noon and 6 p.m.; Sept. 18, 8 a.m. School board headquarters,
210 West Stonewall Avenue, Fayetteville.
Peachtree City: Increase
/ Sept. 18, 6:30 p.m.; Sept. 25, 7:30 a.m. and 6:30 p.m. Location: City
Hall, Willowbend Road at Ga. Highway 54.
Tyrone: No change /
Sept. 11, 7 a.m. and 7 p.m.; and Sept. 18, 6:30 p.m. at Tyrone Town Hall,
Senoia Road, Tyrone.







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