Atlanta school board to roll back millage rate but it's not good - CBS46 News

Atlanta school board to roll back millage rate but it's not good news for homeowners

Posted: Updated:
Source: WGCL Source: WGCL
ATLANTA (CBS46) -

The Atlanta school board voted Monday night to rollback the millage rate by one mil but it will come at the expense of taxpayers.

The vote came down 8 to 0 and it's not a decision in favor of Atlanta homeowners.

School board chairman Jason Esteves says they've decided to rollback the millage rate and while it may sound like savings, it's actually not. That's because it's considered by the state to be a tax increase.

It's an increase of just over eight percent.

Even though the school board is rolling back the millage rate, it still doesn't offset the increase homeowners will pay in property taxes after a recent hike in home value assessments.

Esteves says the board is hoping to alleviate the burden on homeowners in November.

"We've worked with our legislature to pass and put on the ballot this November to increase the homestead exemption which will provide taxpayers about $410 a year savings off their tax bill," says Esteves.

He also says the tax increase was unavoidable because of mandatory cost.

"We have health insurance and pension payments to the state," continued Esteves. 

The increase amounts to roughly $142 on a home costing $300,000. 

Copyright 2018 WGCL-TV (Meredith Corporation). All rights reserved.

Connect with CBS46