PRESS RELEASE ANNOUNCING A PROPOSED PROPERTY TAX INCREASE
Date: Wednesday, September 23, 2026
Time:
Location:
PRESS RELEASE ANNOUNCING A PROPOSED PROPERTY TAX INCREASE
The City Council of Lake City today announces its intentions to increase the 2026 property taxes it will levy this year by 2.57 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 Council of Lake City requires a millage rate higher than the rollback millage rate; therefore, before the City Council of Lake City 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 this tax increase to be held at the Lake City City Hall, 5455 Jonesboro Rd., Lake City, GA, 30260, on the following dates and times:
Wednesday, September 16, 2026 at 10:00 a.m.
Wednesday, September 16, 2026 at 6:00 p.m.
Wednesday, September 23, 2026 at 10:00 a.m.