The public can give input at three public meetings for Fulton Schools’ intention to raise property taxes. The board announced on June 3 that it will increase the property taxes it will levy this year by .88 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, says a press release from the school system. When the trend of prices on properties that have recently sold in the county indicates 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 and increase the assessment.
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.
The budget tentatively adopted by the Fulton County Board of Education requires a millage rate higher than the rollback millage rate.
The public hearings will take place at the Fulton County Board of Education Administration Building, 786 Cleveland Avenue SW, Atlanta, on June 10 at 11:30 a.m. and 6:30 p.m. and on June 19 at 6:30 p.m.