NEWS

Public Notice | Millage Rate Public Hearings

Notice of Property Tax Increase

The City of Pooler, Georgia has tentatively adopted a millage rate which will require an increase in property taxes by 3.99 percent. All concerned citizens are invited to the public hearings on this tax increase to be held at Pooler City Hall located at 100 US Highway 80 SW, Pooler, Georgia on Monday, July 15, 2024 at 6:00 p.m., Monday, July 22 at 6:00 p.m., and Monday, August 5, 2024 at 6:00 p.m. After the final public hearing, the millage rate will be formally adopted on August 5, 2024 during the regularly scheduled City Council Meeting.

This tentative increase will result in a millage rate of 3.780 mills, an increase of .145 mills. Without this tentative tax increase, the millage rate will be no more than 3.635 mills. The proposed tax increase for a home with a fair market value of $175,000 is approximately $10 and the proposed tax increase for non-homestead property with a fair market value of $200,000 is approximately $16.

Please note that the above notice includes two corrections to the initial notice advertised in the Savannah Morning News: The previously stated 4.31 percentage has been amended. The August 19, 2024 public hearing has been rescheduled for July 22, 2024.


Understanding Millage Rate and Assessed Value

When it comes to property taxes, two key concepts are assessed value and millage rate.

What is assessed value? Assessed value is the dollar amount that the local government gives to your property for tax purposes. It’s not necessarily the same as the market value (how much your property could sell for), but it’s used to figure out how much you owe in property taxes.

How is my assessed value determined? Local tax assessors figure out the assessed value of your property using things like the size of your property, the condition of your home, and what similar properties are selling for in your area. Assessed value can change based on updates to property values, changes in local laws, or changes in the economy. For Pooler, the assessed value is currently 40% percentage of the market value.

What is millage rate? Millage rate is the amount of tax you pay per $1,000 of your property’s assessed value. It is expressed in mills, where one mill equals $1 per $1,000. For example, if the millage rate is 5 mills, you would only pay $5 for every $1,000 of assessed property value. Millage rates can change based on the budget needs of the local government and the total assessed value of properties.

How is the millage rate calculated? To find out the millage rate, the local government divides the total amount of money they need by the total assessed value of all properties, then multiplies the result by 1,000.

Example:

  1. Assessed Value of Your Home: $200,000
  2. Millage Rate: 5 mills (which is $5 per $1,000)
  3. Tax Calculation:
    • Convert $200,000 into $1,000 units: 200,000 / 1,000 = 200 units
    • Multiply by the millage rate: 200 x 5 mills = $1,000 dollars

So, if the assessed value of your property is $200,000 and the millage rate is 5 mills, you would owe $1,000 in property taxes. By understanding these concepts, you can see how your property taxes are determined.