The Hall County Board of Education has announced its intention to increase the property taxes it will levy in 2023 by 24.39 percent 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 indicates 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 that a rollback millage rate be computed to 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 rollback rate for 2023 is 12.855 mills. The Board of Education proposes a rate of 15.990 mills, an increase of 3.135 mills. The current mill rate is 15.990 mills. Whether or not the taxes of an individual property increases or decreases depends on the amount of reassessment, if any, that property receives.
The budget tentatively adopted by the Hall County Board of Education requires a millage rate higher than the rollback millage rate; therefore, before the Hall County Board of Education may finalize the budget and 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 Hall County School District, 711 Green Street, Gainesville, Georgia 30501, as follows:
June 12, 2023, at 6:00 p.m.
June 26, 2023, at 11:30 a.m.
June 26, 2023, at 6:00 p.m.
