Montgomery, Vidalia Decide BOE Millage Rate
Millage rates have been a popular topic of discussion as the Montgomery County School System officially sets its millage rate and the Vidalia City School System prepares to approve its millage rates.
Montgomery County chose to roll the millage rate back even further than the rollback rate. According to the Board, the official rollback rate for the Board’s set millage rate would be 14.95, just slightly less than the past 15.00 rate for FY23; the Board has selected to set its millage rate at 14.75 mills, as the group shared that the decision was made with the best interest of the schools and the taxpayers in mind.
Vidalia intends to increase property taxes by 5.81% over the rollback rate for those living in the Toombs County sector of the city, and decrease taxes by 0.10% under the rollback rate for those living in the Montgomery County section of the City.
According to the Vidalia City Schools Board of Education, the adopted budget for the upcoming year requires a millage rate higher than the computed rollback rate. This change in millage rate would increase taxes by $32.60 for a home with a fair market value of $100,000 in Toombs County within the Vidalia City limits; meanwhile, there will be a $0.60 decrease for a home with a fair market value of $100,000 in Montgomery County within the Vidalia City limits.
This millage rate will be officially adopted at 5 p.m. on Tuesday, September 12, during the Board’s regular monthly meeting.