TALLULAH FALLS, Ga. — The Town of Tallulah Falls has taken the first step toward adopting a new millage rate that will raise property taxes by 2.48 percent.
The initial public hearing was held on September 25 at City Hall, where residents were invited to learn more and voice opinions on the proposed increase. Two additional hearings are scheduled — one on October 2 at 9 a.m. and another on October 9 at 6 p.m. — both at City Hall, 255 Main Street.
If approved, the increase will result from higher property tax appraisals, not a millage rate increase. The city will maintain its current millage rate of 6.000 mills, rather than adopting the rollback rate of 5.855 mills.
When property values increase (following countywide reassessments), maintaining the same millage rate results in the government collecting more total revenue. That extra revenue is legally considered a tax increase, even though the millage rate number itself isn’t higher.
For a home with a fair market value of $300,000, the proposed tax increase would amount to about $17.40. For nonhomestead property valued at $150,000, the increase would be about $8.70.
