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Fayette County adopts full rollback millage rate, citing $101.4 million in citizen savings
Summary
The Fayette County Board of Commissioners approved Resolution 2024-11 to set the 2024 millage rate at 3.763 (a full rollback), a 6.718% decrease. County staff said the rollback yields an average saving of about $50.68 per homeowner and represents $101.4 million less revenue than if rates had not rolled back since 2014.
The Fayette County Board of Commissioners on Oct. 24 approved Resolution 2024-11, adopting a 2024 property tax millage rate of 3.763 — a full rollback from the previous rate.
Chief Finance Officer Sheryl Weinmann told the Board the county’s 2024 Digest totaled about $10.2 billion after reassessments. She said real property reassessments increased the Digest by $687,299,093 (7.32%), while personal property increased by 9.75%. Despite those increases, Weinmann said the proposed…
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