City of Newnan residents who didn’t get their property reassessed this year will see a decrease in their city property taxes.
The Newnan City Council adopted a rollback millage rate Tuesday, taking the rate from 3.989 to 3.643 mills.
“The full rollback rate is the right thing to do,” said City Manager Cleatus Phillips. “We’re financially strong and can take the rollback rate.”
Each year, taxing authorities in Georgia are required to calculate a rollback millage rate, which takes into account property reassessments that raise – or lower – property values for tax purposes.
The rollback rate is the rate that would bring in the same amount of revenue as last year’s rate, on existing properties. The rollback rate calculations don’t have to take into account new development.
A mill is $1 of tax on each $1,000 of assessed value. Property in Georgia is assessed at 40 percent of fair market value. For example, a house with a fair market value of $200,000 would have an assessed value of $80,000. The rollback rate of 3.643 would bring in $291.44 of property tax revenue on that property if there were no exemptions. Last year’s rate would bring in $319.12 in revenue with no exemptions.
The city’s property tax millage rate in 2018 was 4 mills, and in 2017 was 3.87 mills. In 2016 and 2015 it was 4.05 mills, and in 2014 it was 4.15 mills.
City property taxes, as well as Coweta County Board of Education taxes, are billed by Coweta
County and all residents only receive one property tax bill.
Because Councilmember Dustin Koritko was absent from Tuesday’s meeting, the council will call a special meeting next week to vote again to officially adopt the rollback rate.
Also during Tuesday’s meeting, the council voted to:
- Remove the existing traffic signal at the intersection of West Washington Street and Brown Street and convert it to a 4-way stop.
- Adopt a resolution to engage a third-party facilitator to assist with the development of a citizen task force.
During their June meeting, the council unanimously approved two measures aimed at strengthening the local community: an outside review of city policy and the facilitation of collaborative community forums.
Tuesday, the city agreed to utilize the services of Merris Management & Leadership Consulting to begin the process of creating and working with the proposed task force.
Councilmember Cynthia Jenkins praised city staff for their expediency in the matter.
“I commend the staff for their hard work trying to find a solution for us and get the essence of what we want to happen, happen,” Jenkins said.
- Approve an ordinance to reestablish the Farmer Street Cemetery Commission. In 2000, the mayor and council approved the creation of the commission for the purpose of planning for the protection, preservation and improvements of the cemetery.
The commission made a final presentation to the council in 2003, and its work was considered complete. The reformed commission would have the same purpose with specific language added to support the overall “promotion” of the cemetery.
- Approve a resolution to authorize the execution of the CARES Act and resolution for hazard pay for police, fire and sanitation workers, which will cover the hours worked from March 14, 2020, through May 24, 2020. The pay will be made to eligible employees in the form of a one-time payment before Sept. 1, 2020.
- Grant a request from Mike Menese to block parking spaces along Greenville Street at the Greenville Street Park for emergency vehicles and food trucks at an event on Aug. 29.