The City of Hinesville is trimming its millage rate again for property owners.
Council members adopted a millage rate of 10.1 for fiscal year 2025, a reduction of .05 mills from last year. While the millage rate is smaller, since it did not meet the rollback rate — the millage rate number that would keep the amount of property taxes the same as the digest increases — the city had to publicize it as a tax increase.
City Chief Financial Officer Kim Ryon told council members the city has cut its millage in seven of the last 10 years, dropping it a total of 1.14 mills in that time.
The adopted rate also is less than the millage the city charged 40 years.
“We have increased our services and decreased our millage rate,” Ryon said.
The city’s gross digest stands at $1.08 billion, up from $981 million a year ago. The digest was $638 million in 2019, meaning it has grown nearly 69% in five years.
With the millage rate, the city expects to bring in nearly $10.9 million in property tax revenue, an increase of 9.2% of last year’s $9.95 million accumulated through property tax proceeds.
The city council approved the FY25 budget in September. The city expects to collect nearly $29.9 million in revenue, with property taxes as the largest single source. The local option sales tax is expected to generate nearly $6.8 million in revenue, and the insurance premium tax is budgeted to bring in more than $3.3 million. The franchise tax is projected to generate nearly $2 million.
The city had $24.8 million in revenue for fiscal year 2023 and nearly $26.7 million in revenue for FY24.