Coweta announces proposed 2022 property taxes

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From Special Reports

Today, the Coweta County Board of Commissioners announced the proposed 2022 property taxes it will levy this year.

The proposed rate for incorporated Coweta County is the rollback rate of 5.28 mills, which represents no property tax increase in this district.  The proposed rate of 5.28 mills for unincorporated Coweta County represents an increase of 3.17 percent over the unincorporated rollback millage rate of 5.118 mills. 

The proposed tax increase for a home with a fair market value of $300,000 with the homestead exemption is approximately $17.82 for an unincorporated property.

When the total digest of taxable property is prepared, Georgia law requires taxing authorities to compute a rollback millage rate for maintenance and operations that will produce the same total revenue based on the current year’s digest that last year’s millage rate would have produced had no reassessments occurred.

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.

In 2021, the incorporated millage rate was 6.162 mills, and the unincorporated millage rate was 5.756 mills.  In 2022, the rollback millage rate is 5.28 mills for incorporated Coweta County and 5.118 mills for unincorporated Coweta County.  The purpose of the rollback millage rate is to take into account the increase in assessed value of existing properties, so that there is no increase in property taxes.  The rollback millage rates are based on average digest values, so individual properties may have an increase or decrease in property taxes or remain the same as the prior year, depending upon the updated assessment of the specific property.

The proposed fiscal year 2023 budget that will be presented to the Coweta County Board of Commissioners on September 8, 2022, requires a millage rate higher than the rollback millage rate in unincorporated Coweta County.  In an effort to continue providing existing levels of services in a high growth environment coupled with unprecedented inflation, Coweta County is experiencing significant increases in both personnel and capital costs.  The proposed millage rate is 5.28 mills for both incorporated and unincorporated Coweta County.  This represents the rollback rate for incorporated Coweta County but it is slightly higher than the 5.118 mills rollback rate for unincorporated Coweta County.  Therefore, before the Coweta County Board of Commissioners may 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 attend the public hearings on this tax increase which will be held on August 9th at 6 p.m, August 16 at 7:30 a.m., and August 23 at 6 p.m. All three (3) public hearings will take place in the Commission Chambers at 37 Perry Street Newnan, Georgia. The millage rate adoption is scheduled to take place on August 23 at 6 p.m.

The millage rates proposed by the Coweta County Board of Commissioners do not include other levies set by governing authorities for municipalities and the school system.

Please visit the County’s website at www.coweta.ga.us for additional information regarding the millage rates and budget.

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