PRESS RELEASE ANNOUNCING A PROPOSED PROPERTY TAX INCREASE

PRESS RELEASE ANNOUNCING A PROPOSED PROPERTY TAX INCREASE

The City of Grantville, Georgia today announces its intentions to increase the 2024 property taxes it will levy this year by 9.08 percent over the rollback millage rate.

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 of tax assessors

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 a rollback millage rate 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 reassessment occurred.

The budget tentatively adopted by the City of Grantville, Georgia requires a millage rate higher than the rollback millage rate; therefore, before the City of Grantville, Georgia may finalize the tentative budget and set a final millage rate, Georgia law requires three public hearings to be held to allow the public an opportunity to express their opinions on the increase.

All concerned citizens are invited to the public hearings on this tax increase to be held at the Glanton Municipal Complex, 123 Lagrange Street, Grantville, Georgia 30220 on Monday, August 5, 2024 at 9 a.m.; Monday, August 12, 2024 at 6:30 p.m.; and at a Special Called Meeting of the City Council to be held on Monday, August 19, 2024 at 6:30 p.m.