PRESS RELEASE ANNOUNCING A PROPOSED PROPERTY TAX INCREASE
The City of Springfield Mayor and Council Members today announces its intention to increase the property taxes it will levy this year by 24.54 percentage over the rollback millage rate.
|Each year, the Mayor and Council review the value for property tax purposes of taxable property in the city. The City of Springfield has maintained the same tax levy millage rate for the past five years, (Years 2014-2019 at the millage rate of 4.80 mills). The 2020 Tax Digest increase is due to new or improved properties along with a proposed increase of the City of Springfield millage rate (5.80 mills).|
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 digest that last year’s millage rate would have produced had no reassessments occurred.
The budget adopted by the City of Springfield Mayor and Council requires that a millage rate higher than the rollback millage rate, therefore, before the City of Springfield Mayor and Council may set a final millage rate, Georgia law requires three public hearings to be held to allow the public an opportunity to express their opinions on the increase.
All concerned citizens are invited to the public hearings on this tax increase to be held at the City of Springfield Council Chambers, 130 South Laurel Street, Springfield, Georgia on July 14, 2020 at 10 a.m. and 6 p.m. and August 11, 2020 at 6 p.m.