Thursday, August 20, 2020
The McIntosh County Industrial Development Authority Announces a Proposed Millage Rate Rollback
The McIntosh County Industrial Development Authority (MCIDA) today announces its intention to rollback the property tax millage rate. In other words, the MCIDA anticipates a decrease in millage rate by 2.46%. The millage rate will rollback from 1 mill to 0.976. THERE IS NO PROPOSED MILLAGE RATE INCREASE.
Each year, the Board of Assessors is required to review the assessed value of taxable property in the county. When the trend of prices on property 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 Assessors is required by law to re-determine the value of such property and adjust the assessment. This is called a reassessment.
The budget that the MCIDA Board of Directors anticipates adopting does not require a millage rate higher than the rollback millage rate. The Board of Directors anticipates rolling back the millage rate to 0.976. Because the application of that rate will not result in an increased to the IDA, Georgia law requires one public hearing to be held to allow the public an opportunity to express their opinions on the millage rate rollback to the MCIDA.
All concerned citizens are invited to the public hearings on this tax revenue increase to be held at the MCIDA office, 211 Walton Street, Darien, Georgia on September 3, 2020 at 7:45AM.