Augusta commissioners talk property tax rate

Augusta commissioners talk property tax rate

AUGUSTA, GA (WFXG) - Augusta-Richmond County property owners could be seeing an increase in their property taxes, but it wont break the bank.

The city's finance director walked commissioners through the process that it took to get the new millage rate, which included they advertise five-years worth of rates in the local newspaper for at least a week, and compute what the rollback rate would be compared to last year's rate.

The proposed new rate is two-thousandths of a mill higher than last year.

That means someone living in a 1$100,000  home would see and increase of roughly seven cents on their property taxes.

The commission will hold it's final vote on the rate during a special called meeting for Thursday at 9:30 am in the municipal building.

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