The decrease is due to an increase in property values and the Board of Commissioner’s commitment to level spending.
“We are proud to be able to lower the millage rate by 0.535 mills for the citizens of Camden County,” said Camden County Board of Commissioners Chairman Jimmy Starline. “This will result in a tax reduction for most property owners in the county.”
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 a 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 new digest that last year’s millage rate would have produced had no reassessments occurred. The budget adopted by the Camden County Board of Commissioners allows a millage rate equal to the rollback millage rate this year.
All concerned citizens are invited to the public meeting for adoption on this tax decrease to be held in the Commissioner’s Meeting Chambers located on the second floor of the Government Services Complex at 200 East 4th Street in Woodbine on Tuesday, September 4, 2018, at 6:00 p.m.