On Monday, July 22, the City of Albany Board of Commissioners announced its
intentions to increase the 2024 property taxes it will levy this year by 12.17 percent over the
rollback millage rate.

Each year, the board of tax assessors is required to review the assessed value for property tax
purposes of taxable property in the county. When the trend of prices on properties that have
recently sold in the county 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.

When the total digest of taxable property is prepared, Georgia law requires a rollback millage
rate be computed that will produce the same total revenue on the current year’s digest that
last year’s millage rate would have produced had no reassessment occurred.

The budget tentatively adopted by the City of Albany Board of Commissioners requires a
millage rate higher than the rollback millage rate; therefore, before the City of Albany Board of
Commissioners may finalize the tentative budget and set a final millage rate, Georgia law
requires three public hearings to be held to allow the public an opportunity to express their
opinions on the increase.

All concerned citizens are invited to the public hearings on the tax increase to be held at the
Government Center in Room 100 at 222 Pine Avenue.

• Tuesday, August 6, 2024, at 8:30 A.M., Room 100

• Tuesday, August 13, 2024, at 6:00 P.M., Room 100

• Tuesday, August 20, 2024, at 8:30 A.M., Room 100