Millage rate, explained
A millage rate is an amount, per $1,000, used to calulate property taxes. If the millage rate is 8.000, you pay $8 for every $1,000 of all taxable value.In Georgia, if your house is valued at $100,000, you are usually taxed on $40,000 worth of that property. With a millage rate of 8.000, you would pay $320 in property taxes.
Walker County officials announced a property tax decrease Thursday. They did not, however, fill in all the blanks.
Bebe Heiskell plans to run for her fifth term as Walker County commissioner in November, but this time as an independent. Of the Republican Party, which has historically backed her, she said previously, “I haven’t had a whole lot of luck with them. They want a more radically conservative candidate than I am.”Commissioner Bebe Heiskell said in a press release that in October she will decrease the county’s millage rate, which is a measurement of property taxes. She did not say how much the rate is going to drop, but she expects it to be “almost a mill.” The county’s current millage rate is 8.592.
This rate – whatever it turns out to be – is only half the equation.
To figure out how much you will pay the county in property taxes, you must also know your specific property value. The county sent out notices last month, explaining what residents’ values will be for the new fiscal year.