Key Takeaways
- Hall County residents will benefit from an 11th tax rate rollback in 12 years, putting more money back in homeowners’ pockets.
- The new property tax rate for the upcoming fiscal year is set at 3.227, reflecting the county’s commitment to fiscal responsibility.
- Homeowners with a homestead exemption will see a double benefit from the tax rollback and House Bill 1268.
- Each year’s tax savings compounds, significantly impacting homeowners over time compared to counties that increase rates.
Hall County residents can breathe a little easier when they open their next property tax bill. For the 11th time in 12 years, county commissioners have approved a rollback in the tax rate — continuing a streak that puts more money back in homeowners’ pockets.
The Board of Commissioners voted on September 11 to set a property rate of 3.227 for the upcoming fiscal year, part of what officials describe as their commitment to fiscal responsibility.
What is the Millage Rate?: The millage rate is your property tax rate. Your city, county, and school system all set a millage rate. That combined number becomes your overall property tax rate. One mill represents $1 of tax on every $1,000 of taxable property.
Double savings coming your way
If you own a home in Hall County with a homestead exemption, you’re in for a double win. Not only will the rollback lower your tax rate, but a newly passed local homestead exemption (House Bill 1268) will further reduce what you owe…