The city of Hinesville on Monday announced its intention to increase the property taxes it will levy this year by 3.49 percentage 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 indicate there has been 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.
When the total digest of taxable property is prepared, Georgia law requires that a rollback millage rate must be computed that will 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 budget tentatively adopted by the Hinesville City Council and mayor requires that a millage rate higher than the rollback millage rate. Before the city may finalize the tentative budget and set a millage rate, Georgia law requires three public hearings to be held to allow the public an opportunity to comment on the increase.
There will be public hearings at 11:30 a.m. and 6 p.m. Nov. 7 and at 3 p.m. Nov. 21 at city hall, 115 East M.L. King Jr. Drive.