The Richmond County Board of Education wants to raise property taxes 5.33% above the calculated rollback millage rate. The plan can’t move forward until after three public meetings are held, where citizens can voice their views.
Each year, Georgia requires tax assessors to study property values. When local real estate prices climb, they must update the tax records to match current market conditions.
State rules demand officials set a rollback rate, the tax rate that would collect the same amount as last year, without counting new assessments. The school system’s planned budget needs more money than this rate would provide…