FAYETTE COUNTY, GEORGIA 2019 Property Tax Digest / Millage Rates - PowerPoint PPT Presentation

FAYETTE COUNTY, GEORGIA 2019 Property Tax Digest / Millage Rates PUBLIC HEARINGS AUGUST 15, 2019

2019 Tax Digest Changes 2018 Diges Digest $5,90 ,901,66 ,669,19 ,198 Growth th (D (Decr ecrease) ease) in in Diges Digest Re Real Pr al Prope perty rty $131,22 ,228,85 ,852 8.02% Pers Personal al Pr Prope perty rty $33,83 ,831,00 ,004 7.06% Mot Motor r Veh ehicles icles ($ ($16,81 ,816,02 ,020) -18.09% Oth ther $5 $54,5 4,574 74 1.34% $1 $148 48,29 ,298,4 8,410 10 2.51% (Incr (In creas ase) ) in in Ex Exemp mptions tions ($1 ($18,8 8,856 56,94 ,947) 7) 6.21% $129 $1 29,44 ,441,4 1,463 63 2.19% Re Reas assessme ments ts Re Real P al Prope operty rty $319 $3 19,96 ,964,4 4,484 84 5.42% Po Positiv itive e Chan Change ge in in Net et Digest Diges $449,40 ,405,94 ,947 7.61% 20 2019 19 Dige Digest $6 $6,35 ,351,0 1,075 75,14 ,145 5 2

Change in Taxable Digest 2010-2019 $7,000,000,000 $6,351,075,145 $5,901,669,198 $6,000,000,000 $5,621,113,327 $4,999,419,677 $5,033,499,576 $5,000,000,000 $4,760,174,199 $4,789,562,720 $4,321,910,486 $4,396,642,279 $4,301,271,416 $4,000,000,000 $3,000,000,000 $2,000,000,000 $1,000,000,000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 3

Taxable Digest Variances 2010-2019 $800,000,000 $587,613,571 $600,000,000 $449,405,947 $363,531,920 $400,000,000 $273,325,377 $280,556,051 $200,000,000 $74,731,793 $20,639,070 $0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 ($200,000,000) ($209,856,957) ($400,000,000) ($458,185,544) ($488,291,304) ($600,000,000) 4

2019 PROPOSED Millage Rates Millage Mill ge Rate te Pr Propos oposed ed Adopted Adopted Pe Perce cent t Reca Re captu ture e Change ge Descr Descript iptio ion 2019 2019 2018 2018 (Decrease) (Dec ease) Gen ener eral al Fund Fund Maint Ma intenance enance 4.392 4.392 4.392 4.392 -0- N/A N/A & Oper & Op erations ations Fir Fire e Serv Services ices 3.070 3.070 3.070 3.070 -0- N/A N/A Emergency Emer ency Med Medical ical 0.456 0.456 0.456 0.456 -0- N/A N/A Services Serv ices 911 911 Serv Services ices 0.210 0.210 0.210 0.210 -0- N/A N/A 5

2019 Fayette County Tax Bill County Operations Proposed Rate vs. Rollback Rate Sample Property Tax Statements - Unincorporated 2019 Tax Millage Rates Annual Taxable Taxable Rollback Increase in Entity FMV Value Homestead Value Millage Rate Tax Due Rate Tax Due Tax Bill COUNTY M&O 250,000 100,000 (5,000) 95,000 4.392 417.24 4.171 396.25 21.00 COUNTY BOE 250,000 100,000 (5,000) 95,000 20.521 1,949.50 1,949.50 COUNTY EMS 250,000 100,000 (5,000) 95,000 0.456 43.32 43.32 COUNTY 911 250,000 100,000 (5,000) 95,000 0.210 19.95 19.95 COUNTY FIRE 250,000 100,000 (5,000) 95,000 3.070 291.65 291.65 TOTAL 28.649 2,721.66 2,700.66 6

Property Tax Rates – General Fund, Fire, EMS, and 911 2010-2019 6.000 5.714 5.645 5.645 5.602 5.400 5.000 5.171 4.917 4.509 4.392 4.392 4.000 County Fire EMS 3.000 911 3.070 3.070 3.070 3.070 3.070 3.070 3.070 3.030 2.500 2.000 1.991 1.000 0.456 0.456 0.456 0.456 0.548 0.450 0.450 0.456 0.456 0.456 0.207 0.207 0.210 0.210 0.210 0.210 0.210 0.210 0.210 0.000 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 7

2019 Unincorporated Residential Property Tax Paid $250,000 home value / $2,722 tax bill $44 $44 $19 $19 $291 $291 Board of Education 71.7% $416 $416 County M&O 15.3% Fire District 10.7% $1,95 ,952 EMS District 1.6% 911 District 0.7% County M&O includes functions Sheriff, Courts, Public Works, Culture & Recreation, Community Development, and General Government 8

2019 Town of Brooks Residential Property Tax Paid $250,000 home value / $2,781 tax bill $58 $58 $20 $20 $43 $43 Board of Education 70.1% $292 $292 County M&O 15.0% $418 $418 Fire District 10.5% Brooks Incorporated Millage $1,95 ,950 2.1% EMS District 1.6% 911 District 0.7% 9

2019 City of Fayetteville Residential Property Tax Paid $250,000 home value / $2,966 tax bill $44 $44 $18 $18 Board of Education 65.7% $537 $537 County M&O 14.1% $418 $418 $1,94 ,949 Fayetteville Incorporated Millage 18.1% EMS District 1.5% 911 District 0.6% 10

2019 Peachtree City Residential Property Tax Paid $250,000 home value / $2,979 tax bill $21 $417 Board of Education 65.4% PTC Incorporated Millage plus $593 Bond Millage 19.9% County M&O 14.0% 911 District 0.7% $1,948 11

2019 Town of Tyrone Residential Property Tax Paid $250,000 home value / $2,996 tax bill $43 $43 $20 $20 $274 $274 $292 $292 Board of Education 65.1% County M&O 13.9% $417 $417 Fire District 9.7% $1,95 ,950 Tyrone Incorporated Millage 9.2% EMS District 1.4% 911 District 0.7% 12

Based Upon $250,000 Home Value Taxes Paid By Citizens $3,000 $2,950 $2,900 $2,850 $2,800 $2,996 $2,996 $2,979 $2,979 $2,966 $2,966 $2,750 $2,700 $2,781 $2,781 $2,650 $2,722 $2,722 $2,600 $2,550 Uni Unincorporat orporated Broo rooks Fayetteville Peachtre ree City Tyrone rone 13

Millage Rate History Since 2014 Year 2014 2015 2016 2017 2018 2019 Board of Education 20.000 20.000 19.750 19.500 19.500 19.250 Board of Education Bond 1.450 1.350 1.350 1.350 1.350 1.271 Brooks Millage 0.899 0.840 0.799 0.723 0.680 0.627 Fayetteville Millage 3.874 3.874 3.874 3.874 5.646 5.646 Peachtree City Millage 6.756 6.756 6.756 6.232 6.232 6.232 Peachtree City Bond 0.332 0.314 0.309 0.273 0.176 0.000 Tyrone Millage 2.889 2.889 2.889 2.889 2.889 2.889 Unincorporated County 5.602 5.171 4.917 4.509 4.392 4.392 Denotes Tax Increase (No Rollback or Partial Rollback) 14

Financial Impact to General Fund Operations and Maintenance Cumulative Effect of Rollback Since 2014 Cumulative $29.6M 2014 = $0.5M 2015 = $2.6M 2016 = $4.0M 2017 = $6.8M 2018 = $7.8M 2019 = $8.4M 15

Millage Rate Public Hearings • 1 st Hearing – Thursday, August 15 10:00 am • 2 nd Hearing – Thursday, August 15 5:00 pm • 3 rd / Final Hearing – Thursday, August 22, 6:30 pm • Staff requests BOC to adopt Resolution 2019-10 to levy the County property tax 16