School system OKs millage rate for 2014

by Celia Shortt

The Coweta County Board of Education has approved maintaining its millage rate of 18.59 mills for 2014.

However, that tax millage rate will be bringing in slightly more revenue than last year, due to an increased county digest of property values.

“It’s nice to see a little rise in the digest this year,” said Keith Chapman, Coweta School System’s assistant superintendent for financial services, Tuesday at the monthly school board meeting.

This year’s county property tax digest is expected to be almost $4 billion. Overall, the school system expects to see a 2.74 percent increase in the amount it receives from property taxes due to the increased tax digest.

The increase in expected tax proceeds is over what the school system would receive if it implemented a “rollback” tax rate to keep proceeds at the same level.

Prior to approving the 2014 millage rate, the school board was required to hold three public hearings in order to allow members of the public to voice their opinion about maintaining the millage rate of 18.59 mills.

The public hearings were held at the Board of Education Office at 237 Jackson St. on Aug. 4 at 7:30 a.m. and 6:30 p.m., and Aug. 12, at 6 p.m.

The increase in value for the county’s tax digest is a result of many properties in Coweta County being assessed at a higher value this year.

In the information sent out by the school system before the public hearings, even with this increase, the 2014 net maintenance and operations digest still remains below the level of the 2009 net maintenance and operations digest – before the economic downturn.

Every year, the Board of Tax Assessors for Coweta County reviews the assessed value of taxable property in the county, as a requirement by the state.

When the trend of prices for properties recently sold in the county demonstrate an increase in the fair market value the tax assessors are required to “re-determine the value of such property and increase the assessment.” This action is called a reassessment.

According to Georgia law, once the total digest of taxable property is completed, a rollback millage rate must be determined. This rollback rate would produce the same total revenue “on the current year’s digest that last year’s millage rate would have produced had no reassessments occurred,” according to Coweta school officials.

More Local

4-year-old brother witnessed attack

Man charged with raping fiancee’s daughter

Coweta County Sheriff’s deputies arrested a Sharpsburg man for the rape of a 12-year-old. According to Lt. Col. James Yarbrough with t ... Read More

Meth, pills and shotgun found during search

Two men are in jail after police discovered a Pandora's box of contraband. On Monday, members from the Newnan Police Department responded to ... Read More

Coweta Commission

Hearing set on open meetings suit against county

The active lawsuit against Coweta County over the retirement agreement with former Coweta County Deputy Fire Chief Todd Moore was brought up ... Read More

Georgia Power finalizing timeline for ash pond closures

Georgia Power has announced it is developing a timeline to close its 29 ash ponds. The schedule will be developed in response to the Environ ... Read More

County tax bills mailed

Many Cowetans checking their mailboxes in the past few days have pulled out an envelope reminding them of a yearly duty – the bill for ... Read More

Animals blessed at St. George

Father Henry Atem, right, uses an aspergillum to sprinkle Holy Water on two canines owned by Jessica Kuhn, left, and her son, Juliano, at th ... Read More