Oconee County government will lose $9.8 million in property tax revenue if the legislation being considered by the Georgia House of Representatives is approved in its current form, while each of the county’s four cities will lose between $13,504 and $306,307, and Oconee County Schools will lose a whopping $32.2 million.
For the counties, Watkinsville, and Bogart, the loss likely can be offset by reallocating some of the revenue from the county’s 1 percent Local Option Sales Tax (LOST), if the legislation being considered is modified to allow that use of LOST funds.
