Cobb County intends to raise taxes this year, announcing a proposed millage rate increase from 6.66 to 6.89 to the General Fund.
The millage rate increase coincides with the county’s largest tax digest ever, $33.66 billion for 2017, due to rising property values.
The rollback rate for the General Fund this year is 6.252. The county would have to decrease the millage rate to that amount in order to avoid a tax hike.
The debt service will see a slight decrease in millage rate from .23 to .13 as proposed.
If the new millage rate passes, the owner of a $275,000 home with a homestead exemption could expect to pay about $12 more, or $1,029.
The Board of Commissioners sets the property tax millage rates for five tax districts altogether.
The fire millage rate has been proposed at 2.96; the Cumberland Special Services District at 2.41; and the Six Flags Special Service District at 3.50.
A public hearing will be held on Monday, July 10, at 6:30 p.m. at the County Government Building on Marietta Square.
Commissioners are expected to vote following the third and final public hearing on Tuesday, July 25 at their regular meeting.
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