Loading...
HomeMy WebLinkAbout2012 MILLAGE RATE2012 Millage Rate Augusta - Richmond County, Georgia Comparison of 2010 and 2011 Approved and 2012 Proposed Rates 07/17/12 Adopted 2010 14.060 -6.004 RBAN SERVICES GENERAL SALES TAX CREDIT - URBAN W W. A 1 UST MILLAGE RATE BY FUND Adopted Proposed 2011 2012 Augusta Richmond County, Georgia Tax Effect of Proposed Mill Rates on $100,000 House Countywide Urban Blythe Fire 2011 2012 2011 2012 2011 2012 General Fund 8.075 8.085 8.075 8.085 8.075 8.085 Capital Outlay 0.784 0.785 0.784 0.785 0.784 0.785 Fire 1.602 2.152 0.000 0.000 0.000 0.000 Urban 0.000 0.000 8.002 8.026 0.000 0.000 Fire Blythe 0.000 0.000 0.000 0.000 2.808 3.358 total mills 10.461 11.022 16.861 16.896 11.667 12.228 Taxes Paid $100,000 house $ 366.14 $ 385.77 $ 590.14 $ 591.36 $ 408.35 $ 427.98 difference % increase Monthly Increase %X 4 (it STAGA.GUV $ 19.64 5.36% $ 1.64 $ 1.23 $ 19.64 0.21% $ 0.10 4.81% $ 1.64 Augusta - Richmond County, Georgia 2012 Tax Cap Calculations 1979 Millage Rate 1979 Millage Rate @ 7% Growth Prior Year Digest (000,000's) Current Year Digest (000,000's) Gross Tax Cap Calculated Net Millage Rate Capital Outlay Sales Tax Credit Gross Millage Rate Gross Tax Cap Calculated Millage Rate Less Than Tax Cap $ Amount Less Than Tax Cap (000's) °A) of Tax Cap 2012 TAX CAP CALCULATIONS General Urban Services Fire Protection Debt Service Fund Fund Fund Fund 16.520 17.676 $ 4,532 $ 4,651 17.224 8.085 0.785 6.008 14.878 17.224 2.346 10,913 86.4% 25.960 2.900 27.777 3.103 $ 885 $ 3,530 $ 918 $ 3,617 26.779 3.028 8.026 2.152 0.000 0.000 9.653 0.000 17.679 2.152 26.779 3.028 9.100 0.876 8,354 $ 3,170 66.0% 71.1% 0.640 0.685 Augusta Richmond County, Georgia Tax Effect of Proposed Mill Rates on $100,000 House If Countywide Rate Increased to Cap General Fund Capital Outlay Fire Urban Fire Blythe Bid 5 Bid 6 difference total mills W. X\ . 1 U STAG • GOV Countywide 2012 2012 Proposed At Tax Cap 10.431 0.785 2.152 0.000 0.000 0.000 0.000 13.368 8.085 0.785 2.152 0.000 0.000 0.000 0.000 11.022 82.11 Taxes Paid $100,000 house $ 385.77 $ 467.88 $ 591.36 $ 673.47 Urban 2012 2012 Proposed At Tax Cap 10.431 0.785 0.000 8.026 0.000 0.000 0.000 8.085 0.785 0.000 8.026 0.000 0.000 0.000 16.896 19.242 $ 82.11 Augusta Richmond County, Georgia Tax Effect of Proposed Mill Rates on $100,000 House Countywide 2011 2012 2011 2012 2011 2012 General Fund 8.075 8.085 8.075 8.085 8.075 8.085 Capital Outlay 0.784 0.785 0.784 0.785 0.784 0.785 Fire 1.602 2.152 0.000 0.000 0.000 0.000 Urban 0.000 0.000 8.002 8.026 0.000 0.000 Fire Blythe 0.000 0.000 0.000 0.000 2.808 3.358 total mills 10.461 11.022 16.861 16.896 11.667 12.228 Taxes Paid $100,000 house $ 366.14 $ 385.77 $ 590.14 $ 591.36 $ 408.35 $ 427.98 difference $ 19.64 $ 1.23 $ 19.64 % increase Monthly Increase '1X1W G US TAGA .(i0V 5.36% $ 1.64 Urban Blythe Fire 0.21% $ 0.10 4.81% $ 1.64 WAXINV. AU 15 STA(1:i A . G ()V Action needed today Motion to approve proposed mill rates per schedule listed on page 3 Next Steps 1. Required advertisement appears in Thursday's paper. 2. Approval of mill rates - called meeting on August 2 at 4 p.m. 3. Digest submitted to state for approval 4. Once digest is approved Tax Commissioner sends out bills