The mayor and council of the City of Carrollton announce their intention to maintain the millage rate they will levy for the 2022 tax year at the current rate of 4.49 mills. This represents no increase from the 2021 millage rate of 4.49 mills, however, it does represent a 5.5 percent increase over the calculated rollback rate of 4.26 mills.
Each year, the Board of Tax Assessors is required to review the assessed value of taxable property in the county. When the 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 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 adopted by the mayor and city council requires a millage rate higher than the rollback millage rate. Therefore, before the City of Carrollton sets a final millage rate for 2022, 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 Public Safety Annex, 115 West Center Street on Wednesday, July 27, 2022, at 12pm and 6pm, and on Thursday, August 18, 2022, at 8:30am.
2022 DIGEST AND 5 YEAR HISTORY OF LEVY
City of Carrollton | 2017 | 2018 | 2019 | 2020 | 2021 | 2022* |
Real & Personal | $883,723,886 | $909,676,926 | $1,058,337,616 | $1,089,227,558 | $1,191,596,172 | $1,348,061,279 |
Motor Vehicles | $14,089,480 | $10,810,840 | $8,608,180 | $7,243,960 | $5,846,500 | $5,371,090 |
Mobile Homes | $265,849 | $265,804 | $281,446 | $273,924 | $267,056 | $260,778 |
Gross Digest | $898,079,215 | $920,753,570 | $1,067,227,242 | $1,096,745,442 | $1,197,709,728 | $1,353,693,147 |
Less M & O Exemptions | $69,036,333 | $87,373,410 | $102,530,690 | $102,243,980 | $114,694,091 | $147,440,762 |
Net M & O Digest | $829,042,882 | $833,380,160 | $964,696,552 | $994,501,462 | $1,083,015,637 | $1,206,252,385 |
Gross M & O Millage | 9.08 | 9.64 | 9.37 | 8.91 | 9.29 | 9.32 |
Less Rollbacks | (4.48) | (5.04) | (4.77) | (4.42) | (4.80) | (4.83) |
Net M & O Millage | 4.60 | 4.60 | 4.60 | 4.49 | 4.49 | 4.49 |
Net Taxes Levied | $3,813,597 | $3,833,549 | $4,437,604 | $4,465,312 | $4,862,740 | $5,416,073 |
Net Change $ Levied | $66,874 | $19,952 | $604,055 | $27,708 | $397,428 | $553,333 |
Net Change %Levied | 2% | 0.52% | 16% | 0.62% | 9% | 11% |
*Estimate provided by Tax Assessor’s Office and subject to change