Atlanta Public Schools Hosts Public Hearings on Millage Rate Rollback

June 18, 2015 at 4:15 pm Leave a comment

As required by Georgia law, the Atlanta Board of Education will host three public hearings to allow citizens an opportunity to express their opinions on an increase in property taxes caused by the newly assessed value of taxable property within the Atlanta Public Schools district.

During the recent budget process for fiscal year 2016, the Atlanta Board of Education did not increase its millage rate of 21.64. This has been the Atlanta Public Schools’ millage rate since fiscal year 2008.

In recent years, the District’s income from taxes was severely impacted by the low performing local and state economy. Based on the new assessments, APS’ tax levy is projected to return to the levels last reached in fiscal year 2008.  This growth is solely a result of increased revenues the District expects to receive from increased values for reassessed properties in Fulton and DeKalb counties.

Georgia law requires that a rollback millage rate be computed to produce the same total revenue on the current year’s digest that last year’s millage rate would have produced had no reassessments occurred.  Atlanta Public Schools will levy property taxes at 9.63 percent over the rollback millage rate.

Public Hearing dates:

  • June 26, 11 a.m. and 6 p.m.
  • July 6 at 9 a.m.

These hearings will be held at Atlanta Public Schools, Center for Learning and Leadership, 130 Trinity Avenue, Atlanta, Georgia 30303.

CLICK HERE to view current 2015 tax digest and five year history of levy.

Entry filed under: Schools. Tags: , , .

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