Three public hearings will be held this month by the Marietta Board of Education on keeping the same millage rate of 17.97.
However, this rate is 4.92 percent above the rollback millage rate, according to a statement by Susan Coviello of Marietta City Schools.
Required by Georgia law, the hearings on this tax increase will be held at 5:30 p.m. July 12 and 8 a.m. and 6 p.m. July 19 at the Central Office Building, 250 Howard St., Marietta.
Each year, the Cobb County Board of Tax Assessors is required to review the assessed value of taxable property in the county.
When the trends of prices on properties that have sold recently 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 redetermine the value of this property and adjust its assessment, which is called a reassessment.
When the total digest of Cobb taxable property is prepared, Georgia law requires that a rollback millage rate be computed that will produce the same total revenue on the current year’s digest that last year’s millage rate would have produced had no reassessments occurred.
Information: marietta-city.k12.ga.us.
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