Local News

August 24, 2013

Whitfield County school board to hold property tax rate steady

The property tax rate used to calculate local property tax revenue for the Whitfield County school system will remain the same after the school board adopts a rate of 18.756 mills.

Board members plan to adopt the millage rate during their regular monthly meeting at the central office building on Monday, Sept. 9, beginning at 6:30 p.m.

The millage rate is applied to the 40 percent assessed value of property to calculate the property tax. Exemptions such as the standard homestead exemption further decrease the assessed value. For example, a $100,000 property with a $2,000 homestead exemption is assessed at $39,200. Applying the rate of 18.76 mills equals $735.24.

According to the school system’s 5-year history, the school system collected $29.019 million last year and expects to collect $29.247 this year. The additional $228,835 in revenue is due to new property added to the digest.

The millage rollback calculation shows a decrease of 1.10 percent, since the 2012 millage rate was 18.756 and the rollback millage rate is calculated to be 18.964. By choosing not to increase to 18.964 (which still would not be a tax increase according to state law), the result according to the calculation sheet is a 1.10 percent decrease.

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