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White County Board of Commissioners - PowerPoint PPT Presentation

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White County Board of Commissioners
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  1. WhiteCounty Board of Commissioners Second Public Presentation Millage Rate for Tax Year 2008 July 24, 2008 6:00 p.m.

  2. 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

  3. 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

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

  5. 2007-2008 Millage Comparison

  6. Impact on Average Homeowner

  7. Allocation of Tax dollars

  8. Where Does the Money Go?

  9. Tax Levy

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

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

  12. Questions/Comments