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White County Board of Commissioners Third Public Presentation Millage Rate for Tax Year 2008 July 31, 2008 10:00 a.m.

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Presentation on theme: "White County Board of Commissioners Third Public Presentation Millage Rate for Tax Year 2008 July 31, 2008 10:00 a.m."— Presentation transcript:

1 White County Board of Commissioners Third Public Presentation Millage Rate for Tax Year 2008 July 31, :00 a.m.

2 Setting the millage rate is the last step in the “Budget Process”

3 FY 2009 Budget Synopsis FY 2009 started with $15,249,127 in Gen Fund Departmental Requests Final Approved FY 2009 Budget $14,211,434 Only 3% total increase over FY 2008 Budget New Budget includes no new positions, 12% increase in insurance, 100% increase for Fuel, limited capital, freeze on filling vacant positions-as necessary basis Some departments had budget decreases

4 What is a Millage Rate? Is the multiplier (rate) used to calculate tax levied. Tax is calculated by dollar per thousand in assessed value x millage rate Fair market value is determined by the White County Tax Assessors Office Property taxed on 40% of value

5 Components of White County Millage rate State of Georgia County Government (only portion controlled by elected Commission) School Board (set by school board, but adopted by Commission) School Bond

6 White County Millage Rates 10 Year History-County Portion Only

7 Millage Comparison 2007 % of total 2008 County % % State % % 1.02% School Bond % % 1.39% School % % 59.97% Total % % 100%

8 Impact on Average Homeowner Tax Year Value of Home $160,000$160,000 40% $ 64,000 Less Homestead/HTRG -$10,000-$10,000 Total Millage Tax$1,224.72$1,319.17

9 Allocation of Tax dollars Tax Year StateCountySchoolBoardSchoolBondTotal 2007$13.50$442.26$750.60$18.36$1, $13.50$496.26$791.10$18.31$1,319.17

10 Where Does the Money Go?Services%Cost Public Safety 42.10%$ General Gov’t 23.03%$ Judicial10.15%$50.37 Culture & Recreation 8.62%$42.78 Public Works 8.69%$43.12 Health/Welfare2.42%$12.01 Agriculture.61%$3.03 Housing & Development 4.38%$21.74 Total100%$496.26

11 Tax Levy County37.62%$9,539,220 State1.02%$259,500 School Bond1.39%$351,882 School Board59.97%$15,206,700 Total Tax Levy100%$25,357,302

12 Ad-Valorem Tax as % of Revenue % of Total Revenue $14,211,434

13 Conclusion $9,539,220 in Property Tax will provide 67.12% of General Fund revenue for FY 2009.

14 Questions/Comments


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