The Rome City Commission held its first of three public hearings on Monday for a proposed 2022 millage tax rate decrease. However, despite the decrease, the city will see an increase in funds due to the rise in property value.
The proposed combined rates for the City government and City Schools of 27.276 will result in no increase of the millage rate from the prior year but will be an increase of 4.7% (1.23) over the calculated rollback rate for City M&O and School tax.
The City is proposing to adopt a roll-back rate on City M&O from 8.151 to 8.0 with no change planned for either the Capital tax or School tax.
For a non-homestead property, the estimated City and City School tax for a current $125,000 market-valued home would have been $1,371 in 2021. At the proposed rate for 2022, the estimated tax will be $1,363 and at the 2022 rollback rate, the estimated tax would be $1,302. For non-homestead property with fair market value of $100,000 the proposed 2022 rate of 27.276 would be $1,091 compared to the rollback rate of 26.046 and $1,042, a 4.7% increase.
All concerned citizens are invited to this public hearing. Additional Public Hearings will be held on Thursday, July 14 th at 10 a.m. and Monday, July 25 th at 6:30 p.m.