PRESS RELEASE ANNOUNCING A PROPOSED PROPERTY TAX INCREASE
The Grady County Board of Education today announces its intention to increase the 2024 property taxes it will levy this year 3.286 mills 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 county. When the trend of prices on properties that have recently sold in the county indicate there has been an increase in the fair market value of any specific property, the board of tax assessors is required by law to re-determine the value of such property and adjust the assessment. This is called a reassessment.
When the total digest of taxable property is prepared, Georgia law requires 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 budget adopted by the Grady County Board of Education requires a millage rate higher than the rollback millage rate; therefore, before the Grady County Board of Education may set a final 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 the Grady County Schools' VanLandingham Center at 203 N. Broad St., Cairo, Georgia on Thursday, December 19, 2024, at 7:30 A.M., Thursday, December 19, 2024, at 6:00 P.M., and Thursday, December 26, 2024, at 6:00 P.M.
NOTICE OF PROPERTY TAX INCREASE
The Grady County Board of Education has tentatively adopted a millage rate which will require an increase in property taxes by 32.49 percent.
All concerned citizens are invited to the public hearing on this tax increase to be held at the Grady County Schools' VanLandingham Center at 203 N. Broad St., Cairo, Georgia on Thursday, December 19, 2024, at 7:30 A.M.
Times and places of additional public hearings on this tax increase are at the Grady County Schools' VanLandingham Center at 203 N. Broad St., Cairo, Georgia on Thursday, December 19, 2024, at 6:00 P.M. and Thursday, December 26, 2024, at 6:00 P.M.
This tentative increase will result in a millage rate of 13.4 mills, an increase of 3.286 mills above the roll-back rate. Without this tax increase, the millage rate will be no more than 10.114 mills. The proposed tax increase for a home with a fair market value of
$100,000 is approximately $124.87 and the proposed tax increase for non-homestead property with a fair market value of $250,000 is approximately $328.60.