The Tattnall County Board of Education (BOE), at a called meeting on Thursday, August 18, 2022, announced its intention to increase the 2022 property taxes it will levy this year by 2.99 percentage over the rollback millage rate in order to continue to receive Equalization funding from the state.
Under Georgia Law, Code Section 20-2-165, to qualify as a system to receive Equalization Grant funding from the state of Georgia under the current funding formula, Tattnall County Board of Education must have a millage rate or an equivalent millage rate of at least 14 mills. Tattnall County Board of Education will receive $4,969,161 in Equalization funding in fiscal year 2023. Using figures from the 2022 Tax Digest, it would take an increase of approximately 10.547 mills of tax to replace $4,969,161 in Equalization Funding.
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 tentatively adopted by the Tattnall County Board of Education requires that a millage rate higher than the rollback millage rate; therefore, before the Tattnall 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 an 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 Tattnall County Board of Education Central Office, 146 W. Brazell Street, Reidsville, Georgia, on September 1, 2022, at 11 a.m. and 6 p.m. and on September 8, 2022, at 10 a.m.