PRESS RELEASE ANNOUNCING A PROPOSED PROPERTY TAX INCREASE
The Mayor and Council of the City of Cleveland announces its intention to increase the 2016 property taxes it will levy this year by 3.08 percent 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 increase 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 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 adopted by the Mayor and Council of the City of Cleveland requires a millage rate higher than the rollback millage rate, therefore, before the Mayor and Council of the City of Cleveland may 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. The increase is needed as a part of the funding for the operations of the Cleveland General Fund, which includes, police, fire, streets, court, city park, city shop, and administration.
All concerned citizens are invited to the public hearings on this tax increase to be held at the Cleveland City Hall Annex, 46 South Main Street, Cleveland, GA on July 28, 2016 at 6:00 p.m. and on August 4, 2016 at 10:00 a.m. and 6:00 p.m. The millage rate is scheduled to be adopted on August 4, 2016 at 6:15 p.m.