In a called meeting by the Richmond County Board of Education on Wednesday, all members present voted in favor of the 19.736 rollback millage rate for 2018. The rate is 00.018 mills less than 2017.
The Augusta Commission also approved a rollback millage rate of 9.786 mills Tuesday that is .008 mills lower than last year’s countywide rate.
The consolidated government lost taxable property on this year’s digest, so the new rate is expected to generate some $720,648 less revenue than in 2016. The school system is projected to lose a similar amount.
The lowered rate will save homeowners about 28 cents on a home valued at $100,000, finance director Donna Williams said. The rate is applied against each $1,000 of a home’s taxable value, which is 40 percent of its assessed value. Owners whose property values have increased may see a higher tax bill despite the lowered rates.
The city rate is reduced by a local option sales tax credit. It will appear alongside garbage collection fees, and rates charged for fire protection outside the old city limits, for urban services inside the old city limits, for city capital outlay and for school system operation on tax bills set to go out next month.
Adopting the lower rate means the Augusta Commission won’t have to hold a series of public hearings. The commission set Aug. 15 as the date for final adoption.