City gives small raise to property taxes, Bainbridge revenue to drop
Published 10:06 pm Thursday, July 2, 2015
The City of Bainbridge has tentatively adopted a millage rate, which will require an increase in property taxes by 0.14 percent.
This tentative increase will result in a millage rate of 5.575 mills, an increase of .008 mills. Without this tentative tax increase, the millage rate will be no more than 5.567 mills. The proposed tax increase for a home with a fair market value of $100,000 is approximately .32 cents, according to a news release from the city.
Bainbridge City Manager Chris Hobby said that the change is from reassessments of property that had to be advertised as a tax increase by law.
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“It’s a stretch to even say it’s an increase,” Hobby said. “Our digest itself has decreased. It’s pretty complicated — odd really.”
Hobby said that the change will actually result in a decrease in city revenue.
In accordance with state law, Bainbridge will hold three public hearings that will allow concerned citizens to address the Bainbridge City Council before approval of the millage rate.
The hearings will be held at City Hall Council Chambers. The first public hearing will be at 10 a.m. on July 14, the second at 4 p.m. on July 14, and the third at 6:30 p.m. on July 21, at the regular scheduled council meeting.