Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Rate topic
No spam. Unsubscribe anytime.
CFO presents first reading of 2025 millage rate; staff says calculated rate increase is 8.23
Summary
The county CFO presented the first of three readings on the 2025 millage rate, explained state notice requirements tied to a calculated 8.23 rate increase, discussed homestead exemption impacts and referenced the prior 9.923 millage rate for 2023–24 and a $150 rebate in 2024.
Troup County's CFO presented the first reading of the 2025 millage rate, explaining that because the digest increased the state requires notices that may indicate a tax increase. Staff cited a calculated rate increase of 8.23 and reiterated that property owners with a homestead exemption and increases in assessed value may not see an M&O increase.
Sonia (CFO) said, "Because the total digest has increased, the state requires notices which indicate a tax increase. The calculated rate increase is 8.23." She also reminded the board that the county had a millage rate of 9.923 in 2023 and 2024 and referenced a $150 rebate that was given in 2024; staff described assessed-value shares among residential (~38%) and commercial/industrial (>51%) categories. The presentation was recorded as the first of three readings; further readings and formal adoption are scheduled at subsequent meetings.
