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Notice: Board to vote on millage rate rollback at Aug. 17 called meeting

Board of Education 2018The Bulloch County Board of Education will hold a called meeting on Friday, Aug. 17, at 12 noon, in the board room of the district's Central Office, located at 150 Williams Road in Statesboro. The meeting is for the Board to vote on a proposed one-quarter mill tax rate rollback from  9.685 mills to 9.427 mills for 2018. 

 

Since 2013, the Board of Education has historically voted to approve millage rate rollbacks in order to lessen the impact of any increases in property value reassessments performed by the Bulloch County Board of Tax Assessors. A Five-Year Tax Levy History report is attached, or it can also be found at www.bullochschools.org/budget

 

Property tax revenues for Fiscal Year 2019 are projected to be $18.5 million.  This is approximately 20 percent of the school system's total projected revenue of $95.2 million.

 

Because of Bulloch County Schools' mixed portfolio of both local property and sales taxes, the district has the lowest millage rate in a six-county area and one of the lowest in the state. This mixed portfolio helps keep the school system's portion of local property taxes lower.  If you factor in the local option sales tax collections the overall gross maintenance and operations millage rate is 15.312.  If the rollback is approved, it will drop to an overall 14.989 mills.

 

If the Board of Education does not approve the proposed rollback, this would constitute a tax increase, and under Georgia's Tax Payer Bill of Rights, the Board would need to host three public hearings for the public.

Posted by: Hayley Greene, District Admin, Bulloch County Schools Published:8/7/18
Audience: Homepage, Homepage, News/Data, News Archive and Finance & Human Resources