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White County Board of Commissioners

White County Board of Commissioners. Third Public Presentation Millage Rate for Tax Year 2008 July 31, 2008 10:00 a.m. Setting the millage rate is the last step in the “Budget Process”. FY 2009 Budget Synopsis. FY 2009 started with $15,249,127 in Gen Fund Departmental Requests

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White County Board of Commissioners

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  1. WhiteCounty Board of Commissioners Third Public Presentation Millage Rate for Tax Year 2008 July 31, 2008 10:00 a.m.

  2. Setting the millage rate is the last step in the “Budget Process”

  3. FY 2009 Budget Synopsis • FY 2009 started with $15,249,127 in Gen Fund Departmental Requests • Final Approved FY 2009 Budget $14,211,434 • Only 3% total increase over FY 2008 Budget • New Budget includes no new positions, 12% increase in insurance, 100% increase for Fuel, limited capital, freeze on filling vacant positions-as necessary basis • Some departments had budget decreases

  4. What is a Millage Rate? • Is the multiplier (rate) used to calculate tax levied. Tax is calculated by dollar per thousand in assessed value x millage rate • Fair market value is determined by the White County Tax Assessors Office • Property taxed on 40% of value

  5. Components of White County Millage rate • State of Georgia • County Government (only portion controlled by elected Commission) • School Board (set by school board, but adopted by Commission) • School Bond

  6. White County Millage Rates10 Year History-County Portion Only

  7. 2007-2008 Millage Comparison

  8. Impact on Average Homeowner

  9. Allocation of Tax dollars

  10. Where Does the Money Go?

  11. Tax Levy

  12. Ad-Valorem Tax as % of Revenue % of Total Revenue $14,211,434

  13. Conclusion$9,539,220 in Property Tax will provide 67.12% of General Fund revenue for FY 2009.

  14. Questions/Comments

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