WhiteCounty Board of Commissioners Second Public Presentation Millage Rate for Tax Year 2008 July 24, 2008 6:00 p.m.
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
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
Ad-Valorem Tax as % of Revenue % of Total Revenue $14,211,434
Conclusion$9,539,220 in Property Tax will provide 67.12% of General Fund revenue for FY 2009.