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Council explains new state ‘estimated rollback rate’ and says Talking Rock’s rate will remain under 2 mills
Summary
Officials summarized a new state requirement — enacted in 2025 by House Bill 581 and revised by House Bill 92 — that introduces an "estimated rollback rate" for property tax notices. The council said Talking Rock’s estimated rollback rate is 1.981 and that it will not change the town’s millage this year.
Town officials explained the state’s new “estimated rollback rate” requirement and told residents that Talking Rock’s estimated rollback rate for the coming year is 1.981 mills, meaning the town does not expect a millage increase under the new format.
Why it matters: Under recent state legislation, counties and municipalities must certify an estimated rollback rate by a statutory deadline so property owners’ annual notices of…
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