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Commission adopts estimated rollback rate under OCGA 48-5-32.1 while final values pending
Summary
The board adopted a resolution to set an estimated rollback (millage) rate pursuant to OCGA 48-5-32.1; staff emphasized the numbers are estimates pending final data from the Department of Revenue and consultations with ACCG.
The Troup County commission adopted a resolution at its May 6 meeting to establish an estimated rollback (millage) rate under OCGA 48-5-32.1 while final property valuation and Department of Revenue figures are pending.
A staff member explained the action is an estimate and said officials had "done our due diligence" by consulting with the Association County Commissioners of Georgia and monitoring Department of Revenue guidance. "All we're doing is an estimate," the staff member told the board. The board moved, seconded and carried the resolution.
The staff briefing stressed the estimate is temporary; final millage rates will be set once the county receives definitive valuation numbers. Commissioners asked clarifying questions about the process and staff said they would continue to monitor developments and update the board as necessary.
