The Pike County Board of Commissioners today announces its intention to increase the 2018 property taxes it will levy this year by 4.12 percentage 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 the rollback
millage 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 tentatively adopted by the Pike County Board of Commissioners requires that a
millage rate higher than the rollback millage rate, therefore, before the Pike County Board of
Commissioners may finalize the tentative budget and 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 the public hearings on this tax increase to be held at the
Pike County Courthouse Courtroom, 16001 Barnesville Street, Zebulon, GA 30295 on
September 12, 2018 at 9:00am and 6:00 pm and on September 19, 2018 at 9:00 am.