MCSB discusses the impact of millage rate on property taxes in Columbus
COLUMBUS, Ga. (WTVM) - The Muscogee County School Board looked at some financial issues that could impact your property taxes in last night’s meeting.
The district held their second millage rate public hearing before tonight’s work session.
Finance Committee Chair Cathy Williams says the current millage rate would increase property owner’s school tax bill by .93% - but this only affects those whose property value has been reassessed through title transfer or improvements.
Williams says this increase comes from the inflation rate, not an increase in the millage rate.
“To keep the millage rate at the 23.231 rate that it has been over the last several years, with this rate we’re projecting to receive $117 million in property taxes; a $4.4 million increase over last year,” explained MCSD Chief Financial Officer, Janice Bloodworth.
District officials say 40 percent of their general fund budget comes from local property taxes.
The third and final millage rate public hearing will be June 21 at 6 p.m.
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