Compilation of Rules and Regulations of the State of Georgia › Department 560 - RULES OF DEPARTMENT OF REVENUE › Chapter 560-11 - LOCAL GOVERNMENT SERVICES DIVISION › Subject 560-11-2 - SUBSTANTIVE REGULATIONS › Rule 560-11-2-.58 - Rollback of Millage Rate When Digest Value Increased by Reassessments

Current through Rules and Regulations filed through June 27, 2024
(1) Purpose and
				scope. This Rule has been adopted by the Commissioner pursuant to O.C.G.A.
				§
									48-2-12, and O.C.G.A. §
									48-5-32.1 to  provide specific procedures applicable to the certification of assessed
				taxable value of property to the appropriate authorities, computation of a
				rollback millage rate, and under certain circumstances, advertising the intent
				to increase property tax and holding required public hearings.
(2) Definitions. For the purposes of
				implementing this Rule, the following terms are defined to mean:
(a) "Certified tax digest" shall mean the
				total taxable net assessed value on the annual tax digest that has been or will
				be certified by the tax receiver or tax commissioner to the Department of
				Revenue.
(b) "Levying authority"
				shall mean a county, a municipality, or a consolidated city-county governing
				authority or other governing authority of a political subdivision of this state
				that exercises the power to levy property taxes to carry out the governing
				authority's purposes.
(c) "Mill"
				shall mean one one-thousandth of a United States dollar.
(d) "Millagerate" shall mean the net ad
				valorem tax levy, in mills, that is established by the recommending or levying
				authority to be applied to the net assessed value of taxable property within
				such authority's taxing jurisdiction for purposes of financing, in whole or in
				part, the recommending or levying authority's maintenance and operating
				expenses.
(e) "Millageequivalent"
				shall mean the number of mills that would result when the total net assessed
				value added to or deducted by reassessments of existing real property from the
				prior tax year's assessed value is divided by the certified tax digest for the
				current tax year and the result is multiplied by the prior tax year's millage
				rate.
(f) "Netassessedvalue" shall
				mean the taxable assessed value of property after all exemptions have been
				deducted.
(g) "Propertytax" shall
				mean a tax imposed by applying a millage rate that has been established by a
				recommending or levying authority to the net assessed value of real property
				subject to ad valorem taxation within a taxing jurisdiction.
(h) "Recommendingauthority" shall mean a
				county, independent, or area school board of education that exercises the power
				to cause the levying authority to levy property taxes to carry out the purposes
				of such board of education.
(i)
				"Rollbackrate" shall mean the previous year's millage rate plus or minus the
				millage equivalent of the total net assessed value added to or deducted by
				reassessments of existing real property.
1.
				The rollback rate shall be calculated for the county governing authority and
				county school board by the county tax commissioner.
2. The rollback rate shall be calculated for
				the municipal governing authority and independent municipal school by the
				municipal tax collector.
(j) "Taxing jurisdiction" shall mean all the
				real property within a county or municipality, subject to the levy of a
				specific levying authority or the recommended levy of a specific recommending
				authority.
(k) "Total net assessed
				value added by reassessments of existing real property" shall mean the total
				net assessed value added to or deducted from the certified tax digest as a
				result of revaluation by the board of tax assessors of existing real property
				that has not been improved since the previous tax digest year. Total net
				assessed value added to or deducted from reassessments of existing real
				property shall not include net assessment changes that result from zoning
				changes or net assessment changes relative to classification or
				declassification of real property for conservation or preferential agricultural
				use or for historic preservation purposes.