Cobb Board of Education to hold July meetings on tax increase
The Cobb County Board of Education will decide this month on a proposed property tax increase. The last of the three public hearings will be held at 1:30 p.m. July 20 in the Boardroom, Cobb County School District offices, 514 Glover St., Marietta. Then the board is expected to establish the millage rate for the property tax at 7 p.m. July 20, also in the Boardroom.
To be able to collect 6.84 percent in additional taxes, the Cobb Board of Education tentatively has adopted a general fund millage rate of 18.90 mills, the same rate since 2012, instead of 17.69 mills.
The proposed tax increase for a house with a fair market value of $275,000 is about $121. For non-homestead property, the proposed tax increase for a house with a fair market value of $375,000 is around $181.50.
The extra revenue will be used for the higher cost of student instruction due to enrollment growth and to ease budget constraints caused by reductions in state revenue, according to a CCSD statement.
Information: cobbk12.org.
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