Friday, July 22, 2022

Hearings Set On 9.8 Percent Increase In Property Taxes For Oconee County Schools

***Millage Rate Drop Does Not Offset Assessment Inflation***

The Oconee County Board of Education will hold the first two of three public hearings on Monday on what amounts to a 9.8 percent increase in property taxes for operation of Oconee County Schools in the coming year.

The Board in June adopted a budget for the Fiscal Year that began on July 1 based on lowering the millage rate for schools from 16.5 to 16.25.

Because of the inflationary growth in the assessment of property in the county, however, the Board would have had to have dropped the rate to 14.8 to have avoided a real increase in property taxes for county residents.