NOTICE OF PROPERTY TAX INCREASE

NOTICE OF PROPERTY TAX INCREASE

The City of Alma has tentatively adopted a millage rate which will require an increase in property taxes by 15 per cent.

All concerned citizens are invited to the public hearings on this tax increase to be held at the Alma City Hall, meeting room 102, located at 502 West 12th Street, Alma, GA 31510 on Thursday, November 3, 2022, at 11:00 and 5:00.

The time and place for an additional public hearing on this tax increase is at

City Hall, meeting room 102, located at 502 West 12th Street, Alma, GA 31510, Tuesday, November 8, 2022, at 6:00.

This tentative increase will result in a millage rate of 11.30 mills, an increase of 1.14 mills. Without this tentative tax increase, the millage rate will be no more than 10.16 mills. The proposed tax increase for a home with a fair market value of $100,000 is approximately $45.60.

PUBLIC NOTICE
     The City of Alma Governing Authority do hereby announce that the millage rate will be set at a meeting         
to be held at City Hall, 502 West 12th Street on November 8, 2022 at 6:00 p.m., with a public hearing at 6:00 p.m. 
Pursuant to the requirements of O.C.G.A. 48-5-32 do hereby publish the following presentation of the 
current year's tax digest and levy along with the history of the tax digest and levy for the past five years.
CURRENT 2022 TAX DIGEST AND 5 YEAR HISTORY OF LEVY 
INCORPORATED 2017 2018 2019 2020 2021 2022
Real & Personal 78,747,530 81,862,882 81,878,195             79,437,313 80,686,481 96,564,916
Motor Vehicles 2,122,330 1,721,960 1,402,510                   596,520 1,039,440 922,830
Mobile Homes 40,386 34,752 50,829                      74,029 57,313 61,106
Timber - 100% 0 0 0 0 0 0
Heavy Duty Equipment 0 0 0 0 0 0
             
Gross Digest 80,910,246 83,619,594 83,331,534             80,107,862 81,783,234 97,548,852
Less M& O Exemptions 5,512,699 5,569,348 6,161,383                5,551,849 5,747,465 8,045,726
Net M & O Digest 75,397,547 78,050,246 77,170,151             74,556,013 76,035,769 89,503,126
State Forest Land Assistance Grant Value 0 0 0 0 0 0
Adjusted Net M&O Digest 75,397,547 78,050,246 77,170,151             74,556,013 76,035,769 89,503,126
             
Gross M & O Millage 17.637 17.749 17.447 18.088 19.300 20.249
    Less Rollbacks 6.095 6.213 5.780 6.372 8.000 8.949
Net M&O Millage 11.542 11.536 11.667 11.716 11.300 11.300
             
Net Taxes Levied $870,238 $900,388 $900,344 $873,498 $859,204 $1,001,385
             
TOTAL CITY 2017 2018 2019 2020 2021 2022
Total City Taxes Levied $870,238 $900,388 $900,344 $873,498 $859,204 $1,011,385
Net Taxes $ Increase $1,442 $30,150 -$44.00 -$26,846 -$14,294 $152,181
Net Taxes % Increase 0.17% 3.465% 0% 0% 0% 15.0%
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