McDONOUGH — For the first time in several years, Henry County is proposing a millage rate increase for property taxes.
The county has proposed a millage rate of 12.995, which will produce a tax revenue increase of 8.89% for those living in unincorporated areas. That millage rate will increase from 12.733, a millage rate the county has maintained since 2016.
The proposed millage rate increase is expected to bring in around $68,312,656 from those in unincorporated areas.
For those living in McDonough, the millage rate is proposed to go from 10.301 to 10.866. According to the county, the new millage rate will lead to a 13.74% increase in property taxes for those living in the McDonough city limits.
According to county documents, the millage rate is slated to bring in $10,114,435 from those in McDonough.
Those in Stockbridge city limits will see their millage rate go from 12.733 to 12.995 and will bring in an estimated $11,161,835 in taxes. According to the county, tax revenue from Stockbridge will increase by 8.14%.
The millage rate for those in the Hampton city limits is going from 10.921 to 11.445, and according to the county, that will generate $1,757,421 in tax revenue. According to the county, tax revenues in Hampton will go up by 15.36%.
For those in the Locust Grove city limits, the millage rate will increase from 10.921 to 11.439, and is expected to take in $3,325,693 in tax revenue, and 14.01% more tax revenue from Locust Grove this year.
According to the county, the proposed tax increase with a home with a fair market value of $200,000 is $68.97 for those in the unincorporated areas of the county, $85.34 for those in McDonough, $63.57 for those in Stockbridge, $99.06 for those in Hampton and $91.39 for those in Locust Grove.
For those with non-homestead exempted property and a fair market value of $300,000, the property taxes would go up by $127.32 for those in the unincorporated areas of the county, $157.56 for those in McDonough, $117.36 for those in Stockbridge, $182.88 for those in Hampton and $168.72 in Locust Grove.
The county levies different millage rates depending on whether a property is located in a particular city or in unincorporated Henry County. The differences in millage rates are due to different services provided to different communities. Cities receive greater rollback rates and a lower millage rate if a city provides services that a county normally would.
In May, the county passed a $163,045,000 general fund budget, which includes funding for around 20 new law enforcement officers, extra constituent aides for the Board of Commissioners and the county absorbing 100% of health insurance rate increases.
Around $295,000 in the county’s fund balance was used to help balance the $163,045,000 general fund budget, which was something county leaders had discouraged commissioners from doing in budget hearings leading up to the meeting.