After careful review and consideration of public feedback, the Glynn County Board of Education unanimously approved a reduced millage rate at today’s Special-Called Millage Rate Hearing. The new millage rate is 14.90 – a decrease of .445 mills. The previous rate was 15.4 mills. (This is the lowest millage rate in the last 25 years and is the third year in a row that it has decreased).
Glynn County Schools saw a 6.4% increase this year in the tax digest and 3.08 percent increase in property taxes, which will result in an approximate $104,000 increase in its budget.
Each year, the board of tax assessors is required to review the assessed value for property tax purposes of taxable property in the county. When the trend of prices on properties that have recently sold in the county indicate there has been an increase in the fair market value of any specific property, the board of tax assessors is required by law to re-determine the value of such property and adjust the assessment. This is called a reassessment.
When the total digest of taxable property is prepared, Georgia law requires that a rollback millage rate must be computed that will produce the same revenue on the current year’s digest that last year’s millage rate would have produced had no reassessments occurred.
The 14.90 millage rate set by the Glynn County Board of Education is higher than the rollback millage rate of 14.455 mills. These funds help maintain and improve the quality of education in Glynn County, ensuring that students have access to the resources and support they need to succeed.