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Henry County staff: reassessment up ~40% since 2019; revenue-neutral rate would fall to about 37¢
Summary
County staff told the Henry County Board that assessments rose from about $3.8 billion in 2019 to $5.45 billion in 2026 (≈40%), estimating a revenue-neutral tax rate of roughly 37¢ versus the current 55.5¢ and noting budget pressures including a $2.7 million near-term debt-service increase.
County staff told the Henry County Board of Supervisors on Jan. 2 that the countywide reassessment shows assessed values rising from $3.8 billion in 2019 to approximately $5.45 billion in 2026 — an increase staff characterized as roughly 40% — and that the change in assessed value alone "does not constitute a tax increase."
Staff explained that property tax bills depend on both assessed value and the tax rate the board sets annually. Using the new assessments, staff estimated the revenue-neutral tax rate would be about 37¢, down from the current rate of 55.5¢, and reminded…
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