The Glynn County Board of Education plans to hold three public hearings before adopting its 2018 millage rate, which will remain the same at 16.157 mills.
The school board millage rate is not set to change, despite a roll back rate of 1.57 percent.
State law requires counties to assess a rollback rate using numbers from the current and previous year’s tax digest. Since Glynn County Schools will not reduce the millage rate to the calculated rollback rate, the state requires the school board to hold public hearings before the millage rate is adopted, allowing concerned citizens to voice their feelings on the issue.
Two public hearings will be held Thursday, at 11:30 a.m. and 6 p.m. A third hearing will be held Aug. 16 at noon. After the hearings, the school board will hold a special-called meeting to adopt the millage rate.
All hearings will take place at the Glynn County Schools administration building, 1313 Egmont St. in Brunswick.
“The Glynn County Board of Education has tentatively adopted a millage rate which will require an increase in property taxes by 1.57 percent,” according a notice the school system ran in The Brunswick News on Aug. 2.
The millage rate is the amount used per $1,000 of property valuation to calculate property taxes. The rollback rate is the percent increase the county will acquire in property taxes due to increase in property values in the past year.
“If the values of the property in our county increase, then from the state’s point of view technically you would need to roll back your millage rate so that an individual would not have an increase in their taxes,” said Andrea Preston, assistant superintendent for finances.
The school board millage rate has been set at 16.157 for five years, Preston said.
State law requires a notice be placed in the county’s legal organ to notify residents of the tax increase.
“This tentative increase will result in a millage rate of 16.157 mills, an increase of .249 mills,” according to the notice, which will run twice in The Brunswick News. “Without this tentative tax increase, the millage rate will be no more than 15.908 mills. The proposed tax increase for a home with a fair market value of $225,000 is approximately $56.03, and the proposed tax increase for non-homestead property with a fair market value of $250,000 is approximately $62.25.”
In Glynn County, Preston said, the Scarlett-Williams homestead exemption prevents certain property owners from having to pay more when the school board chooses to maintain the millage rate despite the roll back rate.
The Scarlett Williams exemption freezes the valuation of property at the base year valuation for taxing purposes, as long as the homeowner owns and resides on the property and has made no additions or improvements on the property.
“Since we’re not increasing the millage rate, they wouldn’t have an increase in taxes,” Preston said. “For individuals who have investment property or their business property, if the value of that property increases and we leave the millage rate the same, then technically you are paying more in taxes.”
The tax digest increased 2.9 percent for the school system this year, which equals a little more than $2 million in revenue, Preston said.