- From Floyd Schools: While millage rate is lower, assessments will mean a property tax increase of 2.71%.Background
Rome City Commission meeting, 5 p.m. caucus, 6:30 p.m. meeting. Among the agenda items: Second reading of a “test” of open container law. At least 13 guests are signed up to speak pro or con on it. Agenda
- Watch the broadcast here starting around 6:30 p.m.
- Downtown Dining District open container trial period ordinance
|Guests scheduled to speak:|
Floyd County Commission meets with public hearings on millage rates, caucus, regular meeting: The commissioner meets at the County Administration Building at 12 E. Fourth Ave., A public hearing for the FY21 millage rate will be held at 8 a.m .and 6 p.m. in the Community Room (Suite 206). Caucus will begin at 4 p.m. in the Caucus Room (Suite 204), the regularly scheduled Board Meeting will commence immediately following the public hearing in the Community Room (Suite 206).
Media release: 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 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.
The budget tentatively adopted by the Floyd County Board of Commissioners requires a millage rate higher than the rollback millage rate; therefore, before the Floyd County of Commissioners 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 opinion on the increase. The first was held on July 13. The second will be held on July 27 at 8a.m. And, the third will be held on July 27 at 6 p.m.
The meetings are open to the public. Everyone in attendance is asked to follow the latest guidance from the Center of Disease Control and Prevention.