Cobb County Board Addresses Millage Rate and Property Tax Changes in Public Hearing

In a recent "All In" Town Hall meeting held on July 17, 2025, Chairwoman Lisa Cupid and Cobb County officials engaged residents in a detailed discussion about property taxes and the upcoming budget. The atmosphere was charged with curiosity as community members sought clarity on how rising home values during the pandemic have affected their tax bills.

Chairwoman Cupid emphasized that the millage rate being voted on is not for the upcoming fiscal year but rather reflects expenditures from the previous fiscal year, which concludes on September 30. This distinction is crucial as it sets the stage for understanding the financial decisions that impact residents.

During the meeting, officials presented a practical example of how the millage rate influences property taxes over time. A specific homestead property in Cobb County was highlighted, illustrating that despite its value soaring from over $200,000 in 2018 to more than $450,000 in 2024, the homeowner's tax rate for the general fund remained unchanged. This stability is due to the floating homestead exemption, which locks in the taxable value until the property is sold.

However, not all aspects of property taxes are so straightforward. The fire fund and school taxes, which do not benefit from the same exemption, increase alongside property values. For homeowners under 62, both the fire fund and school tax will rise with their home value, while those over 62 are exempt from school taxes altogether.

The discussion also touched on the importance of applying for exemptions to manage property tax bills effectively. Residents were reminded to contact the tax commissioner's office by April 1 to secure their homestead exemption, which can significantly affect their tax obligations.

As the meeting concluded, it became clear that understanding the nuances of property taxes is vital for Cobb County residents, especially in a time of fluctuating home values. The insights shared during the town hall not only informed attendees but also fostered a sense of community engagement in local governance. With the budget vote approaching, residents are encouraged to stay informed and involved in the financial decisions that shape their community.