The City of Bainbridge recently advertised that it would hold three public hearings to take public comment on a proposed tax increase. The city is required by state law to advertise this tax increase even though the city millage rate is NOT increasing. The proposed millage rate is 4.075 which is the same rate as last year. However, because this rate will produce more tax revenue (less than 1%) than last year, the state requires that the city advertise this as a tax increase. For the vast majority of Bainbridge residents, taxes will not be increasing.
In Georgia, property is taxed at 40% of its appraised value. This means that if you have a $100,000 home, you are taxed on $40,000 of that value. A mill is the tax charged per $1,000 of value so to figure your individual tax rate you multiply your assessed value by .40, then divide the 40% value by 1000 and then multiply by the millage rate.
In our example this would be $100,000 x .40 = $40,000. Then you divide $40,000 by 1,000 to get 40 and then multiply by the 4.075 millage rate to arrive at a total city tax bill of $163.
If you would like to attend one of the City Millage Rate Hearings they will be held at the following dates and times:
The first two were held on August 6, at 10 a.m. and 6:30 p.m., and the 3rd hearing will be on August 20, at 6:30 p.m.
All meetings are open to the public and the public is encouraged to attend.