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City votes for tax hike as no one attends the public hearings
Well it looks like the property owners in Sylvania are OK with the newly approved tax increase.
No one attended any of th public hearings except for the city manager, mayor, council members and the Sylvania Telephone editor.
The third and final public hearing was Tuesday, Aug. 15, at 6 p.m. just before the start of the regularly scheduled city council meeting.
During the meeting, the council unanimously voted in favor of the increase.
The Sylvania city council proposed to increase the 2017 property taxes it will levy this year by 15.76 percent over the rollback millage rate.
The budget adopted by the city requires a millage rate higher than the rollback millage rate. Because of this Georgia law requires three public hearings to be held to allow the public opportunity to express their opinions on the increase.
The board of tax assessors each year 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 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, or reassessment.
Then the total digest of taxable property is prepared, Georgia law requires that a rollback millage rate must be computed that will produce the same total revenue on the current year’s digest that last year’s millage rate would have produced had no reassessments occurred.