The City of Marietta has made it known that the tax millage rate will stay steady for the 23rd consecutive year, maintaining the rate at 4.692 mills. Despite the constant rate, an increase in property values means the city will see more tax revenue this upcoming year compared to the last. According to a recent announcement by the City of Marietta, the board of tax assessors is obliged by law to review and possibly reassess property values if the market indicates an uptick in fair market value.
In an effort to somewhat alleviate this increased tax burden on citizens due to potential reassessment, the city continues to offer the Floating Homestead Exemption. This policy, which was initiated back in 2002, has helped to permanently freeze the city tax assessments on residential properties that are owner-occupied, locking them at their original purchase values until they’re sold. It stands as a bulwark against the quietly escalating costs that come neither announced nor loudly, but are felt just as keenly.
Marietta's government structure mandates the holding of three public hearings to give citizens the chance to voice any concerns regarding this revenue increase before finalizing the tentative budget and millage rate. These hearings are an important aspect of local governance, providing a direct line for residents to affect decisions that have the power to shift their daily lives.
The dates for the public hearings are locked in, with two slated for July 9, 2024, one at 9:00 a.m. and another at 6:00 p.m., and a third to follow on July 16, 2024, also at 9:00 a.m. All of these sessions are going to take place at the City Hall Council Chambers, First Floor, located at 205 Lawrence Street. The city has extended an invitation to all concerned citizens to attend and express their thoughts on the millage rate and consequent revenue increment.
