ELLIJAY, Ga. – After originally approved for advertising in July and a special called meeting from the Board of Education, final approval came this month for the County’s Millage Rates.
These rates have been advertised for 14 days and were approved in Gilmer’s Board of Education before moving over to the Gilmer County Board of Commissioners for approval to then be processed by the Tax Commissioner for collection.
Gilmer’s Board of Education approved their rate at 12.624 mills.
Gilmer’s Board of Commissioners approved their rate at 6.222 mills.
Gilmer’s Board of Commissioners also approved a decrease in their Bond Millage Rate to 1 mill. Another quarter mill reduction after last year removing a quarter mill and giving indications that they would be looking to drop it again this year.
Many citizens have been waiting and calling for this reduction over the years after the Bond Millage was increase previously due to economic issues not fulfilling the bond payments.
The BOC has reduced that back down to the original 1 mill to cover bond payments in addition to SPLOST being used to pay the bond payments.
As for the main Millage Rates, increasing property values, according to the Tax Assessors office, has individual homes revalued annually. Though the Rollback Rate was approved, lowering the Millage Rate, this Rollback Rate is calculated to determine, roughly, the rate that will bring in a similar amount of money as last year.
Individual citizens should still check with the Tax Commissioner to determine what this means for their individual property taxes. With those revaluations, the Tax Assessors’ inspections have shown increasing values, meaning the decrease in the Millage Rate, however, many citizens may fluctuate on their own property taxes and the Millage Rate reduction balances against the value increases.
With final approval, the county will soon be preparing to move into September and October when they usually work toward and then hold their public hearings on individual departments for budgeting. By October’s end, Gilmer will have a solid look at what next year’s finances should look like.