ALBANY, Ga. (WALB) - Property in Dougherty County is worth a lot more, according to county officials.
The Dougherty County Tax Assessor’s Office reported to the county commission the taxable assets in the county increased by 0.70 percent, which equates to roughly $13 million.
As a result, area property owners could likely see an increase in their taxes owed this year.
For example, property valued at $100,000 would be an increase of $3.34, and for a non-homestead property valued at $150,000, that increase would be $5.28.
Property owners who see an increase in assessment from the tax assessor’s office will see higher home resale values. Property owners who don’t see an increase from the tax assessor’s office will pay the same amount in taxes as last year.
County commissioners said they opted not to increase Dougherty County’s millage rate, which is the multiplier against property values set by the tax assessor’s office, because of the increase in taxable assets in the county.
Below is the notice of the property tax increase:
Each year, tax assessors have to review the assessed value of taxable property in the county. When the trend of prices on recently sold properties indicate there has been an increase in the fair market value of any specific property, the board of tax assessors is required by law to re-determine the value of such property and adjust the assessment. This is called a reassessment.
On Friday, county officials said the value of taxable property in Dougherty County has increased because of reassessments.
Because of that increase, the Dougherty County Commission is required by state law to advertise it as a tax increase — even if the millage rate stays the same.
The county provided the following on the matter:
Georgia law requires three public hearings to be held to allow the public an opportunity to express their opinions on the increase.
All concerned residents are invited to the public hearings on this tax increase to be held at Government Center, 222 Pine Avenue, Albany, on the following dates and times:
- Aug. 10, at 10 a.m., Room 100
- Aug. 10, at 6 p.m., Room 100
- Aug. 17, at 10 a.m., Room 100
Dougherty County Manager Michael McCoy said the increase is a benefit for the whole community.
“So it’s a good thing that we are seeing a modest increase in our tax digest, which indicates economic growth in our community. We will be able to continue to provide the goods and services that we always have at in this community at a high level, and we will continue to make this community a wonderful place to live, work, and play,” said McCoy.