Property taxes will tick up once again for property owners inside the city limits of Statesboro.
Two Public Hearings are set for August 31, 2021 at 12:00 pm and August 31, 2021 6:00 pm. A third hearing will take place during the regular council meeting on September 7, 2021.
The purpose of the public hearings is to solicit input on the proposed increase of 2021 property taxes for the City of Statesboro. The tentative increase is currently 2.2% with a rate of 7.308 mills.
The 5-Year Tax Levy & Digest chart was not provided to media outlets with notification of the public hearings, nor was it included in the agenda packet from the most recent meeting when council voted to approve the scheduled hearings. A search of the city’s website did not yield the tax digest either.
Improved property values have contributed to an increase on tax bills since the City increased property taxes by 16.38% in 2017, increasing by 5.40% in 2018, 5.11% in 2019, and 4.86% in 2020.Â
How to figure your property tax
The assessed value (40 percent of the fair market value) of a house that is worth $100,000 is $40,000. In a city where the millage rate is 7.308 mills, one would calculate $7.308 for every $1,000 of assessed value or $7.308 multiplied by 40, which = $292.32, in increase from $281.20 in 2020.Â
All three will be held at City Hall in Council Chambers located at 50 East Main Street.
Council is slated to approve the millage rate after the public hearing at the September 7 meeting.
[…] City Manager Charles Penny made a brief presentation on this matter. He said the increase in taxes was not the council taking action to increase taxes, but instead came from new construction and such. He said the city will yield an additional $150,000 for the city. “It’s a natural occurrence in the market,” Penny said. More coverage on that issue here. […]