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The City of Newnan Recommends rollback millage rate for 2018

For Immediate Release:

 

The City of Newnan Recommends rollback millage rate for 2018

(Newnan, GA 7/21/17) The City of Newnan is pleased to announce it will recommend taking the rollback millage rate for the next budget year. The Mayor and City Council will consider an ordinance to set the millage rate on August 8, 2017, at their 2:30 p.m. City Council meeting.

The City of Newnan has continued to witness positive growth in the tax digest: 8.95% growth in property value during 2017. This increase may be attributed to the thriving business community as well as increasing residential property values. Considering the annual growth expressed herein, the City of Newnan can continue to offer tremendous public services while rolling back the millage rate.

The opportunity presented itself to send a message to our citizens that Newnan wants to ease the burden faced by so many of our taxpayers as we make every effort to maintain a high and consistent level of services. The City continues to show our taxpayers that we are good stewards of tax dollars. The City has seen a millage rate decrease from 4.5 to 4.05 over the last decade.

 

The City of Newnan is committed to continuing to reduce the tax burden on citizens, and still delivering quality services to our citizens.

The rollback rate is that rate which, minus new construction or annexation, would generate the same amount of revenues as the previous year’s property tax rate. It is calculated by the Coweta County Tax Commissioners Office.