The Marietta City Council will hold hearings on the property tax rate this month.
The last one is scheduled for 9 a.m. July 19 in the Council Chamber, Lobby level, Marietta City Hall, 205 Lawrence St., Marietta - with the previous two held on July 12.
While city officials intend to keep the same millage rate of 3.617 as last year, property taxes are estimated to increase by 7.24 percentage over the rollback millage rate that would produce the same total revenue as last year.
When the total digest of taxable property is prepared, Georgia law requires that a rollback millage rate must be computed to produce the same total revenue on the current year’s digest that last year’s millage rate would have produced without the reassessments.
The proposed tax increase for a Marietta house with a fair market value of $264,473 is around $19.89 annually.
For non-homestead property, the proposed tax increase for a house with a fair market value of $549,874 is about $41.35.
The city’s 2017-18 budget calls for no new fees and no service reductions.
Information: MariettaGa.gov/CivicAlerts.aspx?aid=1071.
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