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Newnan approves rolled back millage


  • By Joe Adgie
  • |
  • Aug. 11, 2022 - 4:59 PM

The Newnan City Council has adopted the full rollback millage rate for the coming year.

The council unanimously approved the rollback rate of 3.051 mills for the coming year, which is down from 3.574 mills in 2021 and 3.643 mills in 2020.

Under the proposed millage rate, the city anticipates taking in $6,509,929 in property tax revenue, which is still up from $6,371,783 in 2021 and $6,206,975 in 2020.

The city’s property tax revenue is anticipated to increase by $138,146, or 2.17 percent.

The city still anticipates taking in an increased amount in property taxes as Newnan, like the rest of Coweta County, has seen a sharp increase in the value of real and personal properties in the last year.

Real and personal property is valued at $2,126,593,750, up from $1,774,972,860 in 2021 and $1,694,291,927 in 2020.

The reduced millage rate means that the city of Newnan has now lowered its millage rate for five consecutive years. In 2019, the millage rate was 3.989, and the millage rate was four mills in 2018, increasing from 3.870 mills in 2017.