The Rome City Commission earlier this week hosted the first of three public hearings before setting the 2022 tax rate.
Commissioner Craig McDaniel says that there will be no increase in property taxes this year.
According to a notice from the City of Rome –
The proposed combined rates for the City government and City Schools of 27.276 will result in no increase of millage rate from prior year but will be an increase of 4.7% (1.23) over the calculated rollback rate for City M&O and School tax. The City is proposing to adopt a roll back rate on City M&O from 8.151 to 8.0 with no change planned for either the Capital tax or School tax. For a non homestead property, the estimated City and City School tax for a current $125,000 market valued home would have been $1,371 in 2021. At the proposed rate for 2022, the estimated tax will be $1,363 and at the 2022 roll back rate, the estimated tax would be $1,302. For non-homestead property with fair market value of $100,000 the proposed 2022 rate of 27.276 would be $1,091 compared to the rollback rate of 26.046 and $1,042, a 4.7% increase.
A second public hearing will be held this Thursday at 10 am at City Hall (the City Auditorium) on Broad Street. The third will be held as part of the Rome City Commission’s next regular meeting on July 25th. All concerned citizens are invited to attend.
