August 2, 2022
The Oconee County Board of Education has adopted a final total millage rate of 15.5 mills, the lowest rate this century and a full point decrease from the previous rate of 16.5. The Board unanimously approved the rate decrease at the August 1, 2022 Board meeting.
“The Board is committed to fiscal responsibility and conservative budgeting, while ensuring the school system has the resources it needs to maintain excellence,” said Board Chair Kim Argo. “The Board is pleased to reduce the millage rate by a full point while maintaining a budget that fully supports the exemplary teaching and learning that occurs in our school system each day.”
The proposed tax increase for a home with a fair market value of $450,000 is approximately $124.60, and the proposed tax increase for non-homestead property with a fair market value of $425,000 is approximately $119.00.
July 13, 2022
The Oconee County Board of Education has tentatively adopted a total millage rate of 16.25 mills, the lowest rate this century. Although the millage rate has tentatively decreased, Georgia law requires the 16.25 maintenance and operations (M&O) millage rate to be advertised as a property tax increase. This is because the assessed value of existing property in Oconee County has increased since last year.
Public hearings are also required, and all citizens are invited to the hearings. The hearings will be held in the Board Room at 34 School Street, Watkinsville on July 25 at 9 a.m. and 6 p.m., as well as August 1 at 5:30 p.m.
This tentative increase will result in a millage rate of 16.25 mills, an increase of 1.45 mills. Without this tentative tax increase, the millage rate will be no more than 14.80 mills. The proposed tax increase for a home with a fair market value of $450,000 is approximately $258.10, and the proposed tax increase for nonhomestead property with a fair market value of $425,000 is approximately $246.50.