FAYETTE COUNTY, GEORGIA 2019 Property Tax Digest / Millage Rates - - PowerPoint PPT Presentation

FAYETTE COUNTY, GEORGIA

2019 Property Tax Digest / Millage Rates

PUBLIC HEARINGS AUGUST 15, 2019

2019 Tax Digest Changes

2

2018 Diges Digest $5,90 ,901,66 ,669,19 ,198 Growth th (D (Decr ecrease) ease) in in Diges Digest Re Real Pr al Prope perty rty $131,22 ,228,85 ,852 8.02% Pers Personal al Pr Prope perty rty $33,83 ,831,00 ,004 7.06% Mot Motor r Veh ehicles icles ($ ($16,81 ,816,02 ,020)

• 18.09%

Oth ther $5 $54,5 4,574 74 1.34% $1 $148 48,29 ,298,4 8,410 10 2.51% (In (Incr creas ase) ) in in Ex Exemp mptions tions ($1 ($18,8 8,856 56,94 ,947) 7) 6.21% $1 $129 29,44 ,441,4 1,463 63 2.19% Re Reas assessme ments ts Re Real P al Prope

• perty

rty $3 $319 19,96 ,964,4 4,484 84 5.42% Po Positiv itive e Chan Change ge in in Net et Diges Digest $449,40 ,405,94 ,947 7.61% 20 2019 19 Dige Digest $6 $6,35 ,351,0 1,075 75,14 ,145 5

Change in Taxable Digest

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$4,999,419,677 $4,789,562,720 $4,301,271,416 $4,321,910,486 $4,396,642,279 $4,760,174,199 $5,033,499,576 $5,621,113,327 $5,901,669,198 $6,351,075,145

$1,000,000,000 $2,000,000,000 $3,000,000,000 $4,000,000,000 $5,000,000,000 $6,000,000,000 $7,000,000,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

2010-2019

Taxable Digest Variances

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($458,185,544) ($209,856,957) ($488,291,304) $20,639,070 $74,731,793 $363,531,920 $273,325,377 $587,613,571 $280,556,051 $449,405,947

($600,000,000) ($400,000,000) ($200,000,000) $0 $200,000,000 $400,000,000 $600,000,000 $800,000,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

2010-2019

2019 PROPOSED Millage Rates

5 Descr Descript iptio ion Pr Propos

• posed

ed 2019 2019 Adopted Adopted 2018 2018 Mill Millage ge Rate te Re Reca captu ture e (Dec (Decrease) ease) Pe Perce cent t Change ge

Gen ener eral al Fund Fund Ma Maint intenance enance & Op & Oper erations ations 4.392 4.392 4.392 4.392

• 0-

N/A N/A Fir Fire e Serv Services ices 3.070 3.070 3.070 3.070

• 0-

N/A N/A Emer Emergency ency Med Medical ical Serv Services ices 0.456 0.456 0.456 0.456

• 0-

N/A N/A 911 911 Serv Services ices 0.210 0.210 0.210 0.210

• 0-

N/A N/A

2019 Fayette County Tax Bill County Operations Proposed Rate

• vs. Rollback Rate

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2019 Tax Millage Rates Entity FMV Taxable Value Homestead Taxable Value Millage Rate Tax Due Rollback Rate Tax Due Annual Increase in Tax Bill COUNTY M&O 250,000 100,000 (5,000) 95,000 4.392 417.24 4.171 396.25 21.00 COUNTY BOE 250,000 100,000 (5,000) 95,000 20.521 1,949.50 1,949.50 COUNTY EMS 250,000 100,000 (5,000) 95,000 0.456 43.32 43.32 COUNTY 911 250,000 100,000 (5,000) 95,000 0.210 19.95 19.95 COUNTY FIRE 250,000 100,000 (5,000) 95,000 3.070 291.65 291.65 TOTAL 28.649 2,721.66 2,700.66

Sample Property Tax Statements - Unincorporated

Property Tax Rates – General Fund, Fire, EMS, and 911

2010-2019

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5.400 5.645 5.645 5.714 5.602 5.171 4.917 4.509 4.392 4.392 1.991 2.500 3.030 3.070 3.070 3.070 3.070 3.070 3.070 3.070 0.548 0.450 0.450 0.456 0.456 0.456 0.456 0.456 0.456 0.456 0.207 0.207 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.000 1.000 2.000 3.000 4.000 5.000 6.000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 County Fire EMS 911

2019 Unincorporated Residential Property Tax Paid

$250,000 home value / $2,722 tax bill

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County M&O includes functions Sheriff, Courts, Public Works, Culture & Recreation, Community Development, and General Government

$1,95 ,952 $416 $416 $291 $291 $44 $44 $19 $19

Board of Education 71.7% County M&O 15.3% Fire District 10.7% EMS District 1.6% 911 District 0.7%

2019 Town of Brooks Residential Property Tax Paid

$250,000 home value / $2,781 tax bill

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$1,95 ,950 $418 $418 $292 $292 $58 $58 $43 $43 $20 $20

Board of Education 70.1% County M&O 15.0% Fire District 10.5% Brooks Incorporated Millage 2.1% EMS District 1.6% 911 District 0.7%

2019 City of Fayetteville Residential Property Tax Paid

$250,000 home value / $2,966 tax bill

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$1,94 ,949 $418 $418 $537 $537 $44 $44 $18 $18

Board of Education 65.7% County M&O 14.1% Fayetteville Incorporated Millage 18.1% EMS District 1.5% 911 District 0.6%

2019 Peachtree City Residential Property Tax Paid

$250,000 home value / $2,979 tax bill

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$1,948 $593 $417 $21

Board of Education 65.4% PTC Incorporated Millage plus Bond Millage 19.9% County M&O 14.0% 911 District 0.7%

2019 Town of Tyrone Residential Property Tax Paid

$250,000 home value / $2,996 tax bill

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$1,95 ,950 $417 $417 $292 $292 $274 $274 $43 $43 $20 $20

Board of Education 65.1% County M&O 13.9% Fire District 9.7% Tyrone Incorporated Millage 9.2% EMS District 1.4% 911 District 0.7%

Based Upon $250,000 Home Value Taxes Paid By Citizens

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$2,550 $2,600 $2,650 $2,700 $2,750 $2,800 $2,850 $2,900 $2,950 $3,000 Uni Unincorporat

• rporated

Broo rooks Fayetteville Peachtre ree City Tyrone rone $2,722 $2,722 $2,781 $2,781 $2,966 $2,966 $2,979 $2,979 $2,996 $2,996

Millage Rate History Since 2014

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Year 2014 2015 2016 2017 2018 2019

Board of Education 20.000 20.000 19.750 19.500 19.500 19.250 Board of Education Bond 1.450 1.350 1.350 1.350 1.350 1.271 Brooks Millage 0.899 0.840 0.799 0.723 0.680 0.627 Fayetteville Millage 3.874 3.874 3.874 3.874 5.646 5.646 Peachtree City Millage 6.756 6.756 6.756 6.232 6.232 6.232 Peachtree City Bond 0.332 0.314 0.309 0.273 0.176 0.000 Tyrone Millage 2.889 2.889 2.889 2.889 2.889 2.889 Unincorporated County 5.602 5.171 4.917 4.509 4.392 4.392 Denotes Tax Increase (No Rollback or Partial Rollback)

Financial Impact to General Fund Operations and Maintenance

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Cumulative Effect of Rollback Since 2014

Cumulative $29.6M 2014 = $0.5M 2015 = $2.6M 2016 = $4.0M 2017 = $6.8M 2018 = $7.8M 2019 = $8.4M

Millage Rate Public Hearings

16

• 1st Hearing – Thursday, August 15 10:00 am
• 2nd Hearing – Thursday, August 15 5:00 pm
• 3rd / Final Hearing – Thursday, August 22,

6:30 pm

• Staff requests BOC to adopt Resolution

2019-10 to levy the County property tax