A lower millage rate than the year before doesn’t always translate to lower taxes. Without a full rollback rate, the inflationary increase in property assessments results in a tax hike.
Even though the Oconee Board of Education may indeed plan to adopt the lowest millage rate since 1999 at its work session on Monday, that tentative 16.25 rate–down from 16.5 the previous year–will still result in a 9.8 percent tax increase.
To avoid a tax hike, the BOE would have to adopt a millage rate of 14.8. A number of citizens urged the school board to do just that during two public hearings earlier this week. Oconee taxpayers will also have an opportunity to speak before a vote is taken on Monday, Aug. 1 at 5:30 p.m.
The proposed tax increase for a home with a fair market value of $450,000 is approximately $258.10, and the proposed tax increase for non-homestead property with a fair market value of $425,000 is approximately $246.50, according to school officials.
For more on this story, see the July 28 edition of The Oconee Enterprise, on sale now at convenience stores and grocery stores and newspaper boxes throughout Oconee County. To subscribe, call (706) 769-5175 or visit the tab on our website.