The
Coweta
County
Board of
Education
will
hold
three
public
hearings
over the
next two
weeks
concerning
its
intention
to leave
the
school
system’s
current
ad
valorem
tax rate
of 18.59
mills in
place
during
2007.
Leaving
the
property
tax at
the same
millage
rate
will
increase
the
property
taxes
the
Coweta
County
School
System
will
levy
this
year by
0.29
percent
over the
rollback
millage
rate.
Each
year,
the
board of
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
increase
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
total
revenue
on the
current
year’s
new
digest
that
last
year’s
millage
rate
would
have
produced
had no
reassessments
occurred.
Georgia
Law
requires
that
three
public
hearings
be held
to allow
the
public
an
opportunity
to
express
their
opinions
on their
increase.
All
concerned
citizens
are
invited
to the
public
hearings
on this
tax
increase
to be
held at
the
Board of
Education
Office,
237
Jackson
Street,
Newnan,
Georgia
on July
19, 2007
at 7:30
a.m. and
6:30
p.m.,
and on
July 26,
2007 at
6:15
p.m.