(Media release from Floyd County Clerk’s Office):
The Floyd County Board of Commissioners will meet on Tuesday, July 27, 2021, at the County Administration Building located at 12 East 4th Avenue, Rome, Georgia for a series of meetings. A public hearing for the FY21 millage rate will be held at 8:00 am and 6:00pm in the Community Room (Suite 206). Caucus will begin at 4:00 pm in the Caucus Room (Suite 204), the regularly scheduled Board Meeting will commence immediately following the public hearing in the Community Room (Suite 206).
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. This is called a reassessment.
When the total digest of taxable property is prepared, Georgia law requires 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 Floyd County Board of Commissioners requires a millage rate higher than the rollback millage rate; therefore, before the Floyd County of Commissioners may finalize the tentative budget and set a final millage rate, Georgia law requires three public hearings to be held to allow the public an opportunity to express their opinion on the increase. The first was held on July 13, 2021 at 6pm. The second will be held on July 27, 2021 at 8am. And, the third will be held on July 27, 2021 at 6pm. All concerned citizens are invited to the public hearings on this tax increase to be held in the County Administration Building, 12 East 4th Avenue, Rome, Georgia in Suite 206.
The meetings are open to the public. Everyone in attendance is asked to follow the latest guidance from the Center of Disease Control and Prevention.