By Tia Lynn Ivey
Both the cities of Bostwick and Rutledge have adopted the rollback millage rate.
The City of Bostwick adopted the rollback millage rate at the last regular city council meeting earlier this month. The new rate wil be 1.10 mils, down from 1.24 mils. The city has not yet announced it’s proposed budget for the 2016-2017 Fiscal Year, but Mayor John Bostwick anticipates that the council will adopt a new budget sometime in September.
“I don’t think it will be much different than last year. It should be very similar to what it’s been in the past,” said Bostwick.
The City of Rutledge adopted the rollback millage rate on August 8, for 3.647 mils, down from 3.734 mils.
While Rutledge opted to lower the millage rate, whether or not property taxes will go down is dependent on the outcome of home assessment values, which have experienced a 5.72 percent increase over the last year.
“That mainly because of the new homes being built,” explained City Clerk Debbie Kilgore. “Just since 2014, there have been 16 new homes sold in a new subdivision off of West Main Street.”