Tuesday, August 30, 2016

THOMASTON-UPSON BOARD OF ED SETS 2016 TAX MILLAGE RATE

AT A CALLED MEETING—TUESDAY, THE THOMASTON-UPSON BOARD OF EDUCATION VOTED UNANIMOUSLY TO SET THE 2016 TAX MILLAGE RATE AT 15.421 MILLS—A SLIGHT INCREASE OVER THE CURRENT RATE OF 15.38 MILLS.

HOWEVER , THE SCHOOL SYSTEM WILL NOT COLLECT ANY MORE MONEY THAN IT DID LAST YEAR BECAUSE THE TAX DIGEST FELL BY $9.3 MILLION.

STATE LAW PROVIDES FOR A ROLLBACK FOR A SCHOOL BOARD TO COLLECT THE SAME AMOUNT OF TAXES IN AN UPCOMING YEAR ON THE RE-ASSESSED VALUES AS WERE COLLECTED THE PREVIOUS YEAR.


THE IMPACT ON A HOMEOWNER WITH A $100,000 HOME AT 40% OF ASSESSED VALUE WOULD BE AN INCREASE $1.60.

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