Property taxes rising
Pike schools' millage increases on bond debt and on maintenance and operations are necessary because of an artificially low millage on debt for three years and a decreased tax digest for determining M&O millage, schools finance director Kenneth Carter said last week.
His outline shows the Pike board of education currently taxes for, and makes bond payments for, two bond issues: from 1996 for the high school and from 2006 for the middle school. Payments are made using a combination of SPLOST tax collections and taxes brought in on bond debt millage, Carter said.
Carter said for the last three years, the board kept the bond millage artificially low to save taxpayers money: .35 mill in 2007; .35 mill in 2008, and 1.127 mills in 2009. The board used reserves "to the fullest extent but now those reserves are depleted and the millage must be set in an amount necessary to pay the bond debt on our school buildings," he said. That amount this year is anticipated at 2.4 mills, he added.
Bond debt payments are just over $2.2 million annually; SPLOST takes care of about $1 million, said Carter. One mill brings in $493,839. When that one-mill amount is divided into the $1.2 million difference needed for payments, "we get the 2.4 mills ... to pay our construction debt," Carter noted.
For more, read the Wednesday, Aug. 11 print/eEdition of The Pike County Journal-Reporter.
Carter said for the last three years, the board kept the bond millage artificially low to save taxpayers money: .35 mill in 2007; .35 mill in 2008, and 1.127 mills in 2009. The board used reserves "to the fullest extent but now those reserves are depleted and the millage must be set in an amount necessary to pay the bond debt on our school buildings," he said. That amount this year is anticipated at 2.4 mills, he added.
Bond debt payments are just over $2.2 million annually; SPLOST takes care of about $1 million, said Carter. One mill brings in $493,839. When that one-mill amount is divided into the $1.2 million difference needed for payments, "we get the 2.4 mills ... to pay our construction debt," Carter noted.
For more, read the Wednesday, Aug. 11 print/eEdition of The Pike County Journal-Reporter.
Pike's students, teachers, and admin. are taking care of business.
http://www.pike.k12.ga.us/files/news/FY11%20Millage%20Increase%20Help2.pdf
If you have 11 acres then 10 acres can be kept in conservation use valuation assessment - the other one should not.
The acre the house sits on should be valued and taxed as usual.
TOSS THE BUMS OUT OF OFFICE
They have their own Gold Insurance Plan, their own retirement plan, their own travel expense and work less than 6 months per year.
Congresswoman Waters has her nephew as Chief of Staff.
These crooks are screwing us good.
Local taxes continue to skyrocket.
Thank you Mangham, Willis, DON COLLINS, Swift and Tommy Powers. Mr. Powers we are tired of paying your health insurance.
IN GOD WE TRUST