Property Tax Increase Proposed By Cobb Commissioners

MARIETTA, GA -- Cobb County commissioners announced their intention on Tuesday to increase the property taxes it will levy this year, over the rollback millage rate, by 4.52 percent, in the county's general fund. According to the commission, the board of tax assessors is required each year by state law to review the assessed value of taxable property in the county. If there's an increase or decrease in fair market value, the board is required to reassess.

The commission said Cobb real estate market's recovery is the reason for the reassessment.

Commissioners are proposing the property tax millage rate of the general fund be set at 8.46; the fire millage rate at 2.86; the bond fund millage at 0.13; the Cumberland Special Services District II millage rate at 2.45, and the Six Flags Special Service District millage rate at 3.50.

Georgia law requires that three public hearings be held on the tax hike. The hearings will be held in the commission meeting room on:

Tuesday, July 9, at 9 am;

Tuesday, July 16, at 6:30 pm; and

Tuesday, July 23, at 7 pm.

The commission will vote following the third public hearing.