August 21, 2018

Proposed Property Tax Increase in the City of Franklin

(Franklin/ Times~Journal) — The City of Franklin Mayor and Council today announces its intention to increase the 2016 property taxes it will levy this year by 6.44 percentage over the rollback millage rate.

Each year the board of tax assessors is required to review the assessed value for property tax purposes of taxable property in the city.  New and/or improved properties have resulted in an increase in the total digest for the city. 

When the total digest of taxable property is prepared, Georgia law requires that a rollback millage rate must be computed that will produce the same total revenue on the current year’s digest that last year’s millage rate would have produced had no reassessments occurred.

The current budget and a large decrease in sales tax revenues requires that the City of Franklin Council set a millage rate higher than rollback millage rate.  Georgia law requires three public hearings to be held to allow the public an opportunity to express their opinions on the increase.

All concerned citizens are invited to the public hearings on this tax increase to be held at Franklin City Courtroom, 150 Davis Street, Franklin, Georgia on September 16, 2016 at 9:00 AM, September 29, 2016 at 9:00 AM and on October 6, 2016 at 6:00 PM.

 

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