White County Board of Commissioners

Third Public Presentation Millage Rate for Tax Year 2008

July 31, 2008 10:00 a.m.

Setting the millage rate is the last step in the “Budget

Process”

FY 2009 Budget Synopsis

• FY 2009 started with $15,249,127 in Gen Fund Departmental Requests

• Final Approved FY 2009 Budget $14,211,434• Only 3% total increase over FY 2008 Budget• New Budget includes no new positions, 12% increase in

insurance, 100% increase for Fuel, limited capital, freeze on filling vacant positions-as necessary basis

• Some departments had budget decreases

What is a Millage Rate?

• Is the multiplier (rate) used to calculate tax levied. Tax is calculated by dollar per thousand in assessed value x millage rate

• Fair market value is determined by the White County Tax Assessors Office

• Property taxed on 40% of value

Components of White County Millage rate

• State of Georgia• County Government (only portion controlled

by elected Commission)• School Board (set by school board, but

adopted by Commission)• School Bond

White County Millage Rates10 Year History-County Portion Only

6.9

4.94.49 4.48

6.86 6.8

8.24 8.19 8.19 8.19 8.19

9.19

0

1

2

3

4

5

6

7

8

9

10

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

2007-2008 Millage Comparison

20072007 % of % of totaltotal

20082008 % of % of totaltotal

CountyCounty .00819.00819 36.11%36.11% .00919.00919 37.62%37.62%

StateState .00025.00025 1.10%1.10% .00025.00025 1.02%1.02%

School School BondBond

.00034.0003400

1.50%1.50% .00033.0003399

1.39%1.39%

SchoolSchool .01390.0139000

61.29%61.29% .01465.0146500

59.97%59.97%

TotalTotal .02268.02268 100%100% .02442.0244299

100%100%

Impact on Average Homeowner

Tax Year Tax Year

20072007Tax Year Tax Year

20082008

Value of HomeValue of Home $160,000$160,000 $160,000$160,000

40% 40% $ 64,000$ 64,000 $ 64,000$ 64,000

Less Less Homestead/HTRHomestead/HTRGG

-$10,000-$10,000 -$10,000-$10,000

Total MillageTotal Millage 22.68 22.68 24.429 24.429

TaxTax $1,224.72$1,224.72 $1,319.17$1,319.17

Allocation of Tax dollars

Tax YearTax Year StateState CountyCounty SchoolSchool

BoardBoardSchoolSchool

BondBondTotalTotal

20072007 $13.50$13.50 $442.26$442.26 $750.60$750.60 $18.36$18.36 $1,224.7$1,224.722

20082008 $13.50 $496.26 $791.10 $18.31 $1,319.17

Where Does the Money Go?

ServicesServices %% CostCost

Public SafetyPublic Safety 42.10%42.10% $208.93$208.93

General Gov’tGeneral Gov’t 23.03%23.03% $114.29$114.29

JudicialJudicial 10.15%10.15% $50.37$50.37

Culture & RecreationCulture & Recreation 8.62%8.62% $42.78$42.78

Public WorksPublic Works 8.69%8.69% $43.12$43.12

Health/WelfareHealth/Welfare 2.42%2.42% $12.01$12.01

AgricultureAgriculture .61%.61% $3.03$3.03

HousingHousing & Development& Development 4.38%4.38% $21.74$21.74

TotalTotal 100%100% $496.26$496.26

Tax LevyCounty 37.62% $9,539,220

State 1.02% $259,500

School Bond 1.39% $351,882

School Board 59.97% $15,206,700

Total Tax Levy 100% $25,357,302

Ad-Valorem Tax as % of Revenue

67%

15%

7%

3%3%2%2%

Ad Valorem TaxesLOSTOther taxesFinesCharges for ServicesLicenses/PermitsOther Sources

% of Total Revenue $14,211,434

Conclusion

$9,539,220 in Property Tax will provide 67.12% of General Fund revenue for

FY 2009.

Questions/Comments