The Newton County Board of Education today announces its intention to increase the property taxes it will levy this year by 6.07 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 that a rollback millage rate must be computed that will produce the same revenue on the current year’s digest that last year’s millage rate would have produced had no reassessments occurred.
The budget adopted by the Newton County Board of Education requires a millage rate higher than the rollback millage rate; therefore, before the final millage rate can be set, 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 Newton College & Career Academy Lecture Hall, located at 144 Ram Drive, Covington, Georgia 30014 on July 9, 2024 at 6:00 p.m and at the Newton County Board of Education Administrative Offices, located at 2109 Newton Drive, Covington, Georgia 30014 on July 23, 2024 at 9:00 a.m. and 5:00 p.m.
DOCUMENTS:
2024 Property Tax Digest and 5-Year History of Levy
Notice of Property Tax Increase Public Hearing #1