COLUMBUS, GA (WTVM) - Homeowners in Muscogee County will get a welcome sight later this year when they receive a property tax bill.
The millage rate for county residents is being rolled back.
So, what does that mean for you?
The millage rate is something not everyone, even homeowners, may be familiar with.
It is specifically a figure that's applied to the value of your property, to calculate how much you pay in property taxes.
And the good news is that it is being reduced for every citizen in Muscogee County, a rollback that will reduce your property taxes this year.
City of Columbus finance director Pam Hodge explains.
"It will be for the budget, the FY11 budget, but you will see that reduction in your tax bill that you receive that's due October 1st and December 1st," Hodge said.
The countywide reduction comes because of $30,100,000 in revenue generated by the local option sales tax that was in effect last year.
"I think it's probably very comforting for homeowners to know this sales tax is also providing the 100 police officers that was part of this sales tax, but it's also a part of that same process, shown as a reduction on their property taxes for this one year," Hodge said.
On average, a home worth $100,000 will save about $200 on property taxes this year.