The Atlanta school board will set the property tax rate Monday, following a third and final public hearing.
Atlanta Public Schools administrators recommended the school board reduce the millage rate by 1-mill to 20.74-mills, but some tax payers who attended the first public hearing this week have asked for greater relief in a year where Fulton County property assessments have soared.
The proposed 1-mill reduction is considered a tax increase because the new rate would not be low enough to fully offset increases caused by reevaluations and reassessments. The district would have to rollback its millage rate to 19.163 mills in order to hit that mark.
The proposed 1.577 mill increase over the rollback rate would cost the owner of a home with a fair market value of $300,000 about $142, according to the district.
Many homeowners also are seeing significant increases in their property assessments, leading to much higher estimated tax bills. Assessments in Fulton County increased this year after the county froze property values last year at 2016 levels.
Atlanta school taxes make up a big chunk of residents’ property tax bills.
About 40 people total attended the first two APS tax rate hearings, held earlier this week.
The final public hearing and millage rate vote will take place at 6 p.m. Monday at the APS headquarters, 130 Trinity Ave. S.W.
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