News Release- June 1, 2017
DeKalb County School District announces proposed property tax increase.
STONE MOUNTAIN, GA. – The DeKalb County Board of Education today announces its intention to increase the property taxes it will levy this year by 5.06 percentage points over the rollback millage rate.
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 increases 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 that 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 to be tentatively adopted by the DeKalb County Board of Education requires a millage rate higher than the rollback millage rate, therefore, before the DeKalb County Board of Education may finalize the tentative budget and set a final millage rate, Georgia law requires three public hearings to be held to allow the public opportunity to express their opinions on the increase.
All concerned citizens are invited to the public hearings on this tax increase to be held at the Administrative & Instructional Complex, J. David Williamson Board Room, 1701 Mountain Industrial Blvd, Stone Mountain, Georgia on June 12, 2017 at 6:15 PM and on June 27, 2017 at 11:30 AM and 6:15 PM.