Final School Board Property Tax Rate Hearing Set For Tuesday

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The Fulton County School Board on Tuesday will hold the last of three scheduled public hearings required before it can formally adopt the millage rate.

The hearing, which is set for 7 p.m., will be held at Hamilton E. Holmes Elementary School.

Residents are invited to provide in put on the proposed millage rate of 18.02, which is 5.53 percent higher than the rollback millage rate.

Board members are expected to vote of the millage rate immediately following the hearing.

Each year, the board of tax assessors is required to review the assessed value for property tax purposes of taxable property in the county.

When the trend of prices on properties that have recently sold in the county indicate there has been an increase in the fair market value of any specific property, the board is required by law to re-determine the value of such property and adjust the assessment. This is called a reassessment.

When the total digest of taxable property is prepared, Georgia law requires that a rollback millage rate must be computed that will produce the same total revenue on the current year’s digest that last year’s millage rate would have produced had no reassessments occurred.

Since the budget tentatively adopted by the school board requires a millage rate higher than the rollback rate, state law requires the board to hold three public hearings before it can finalize the budget and set a final millage rate.

The first two meetings were held July 7 in Sandy Springs.

Before the hearing, the board will meet at 6 p.m. in closed executive session before reconvening in public for a called board meeting.

Holmes Elementary School is located at 2301 Connally Drive in East Point.

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