Local Issues
Forsyth County School Board Approves Budget With Reduced Millage Rate
July 13, 2023
On Thursday, June 29, 2023, the Forsyth County School Board voted to approve the school district’s Fiscal Year 2024 budget, which includes a 2 mill reduction of the millage rate. The school’s portion of property taxes will be reduced from its current 17.3 mills to 15.3 mills.
After considerable public input regarding the significant increase in property taxes due to the continued increase in the county’s property assessments, the Board voted to roll back the millage rate by 2 mils.
This roll back was proposed during an early board meeting by Superintendent Dr. Jeff Bearden. “When I first made the initial budget proposal, the estimated tax bills had not been released to our community,” Bearden said. “We certainly knew the tax digest was going to go up, but what was an unknown at that time was how much of that increase would be directly tied to reassessments on our current homes.”
Furthermore, this revised $645.3 million FY 2024 budget, an increase of about $59 million from last year’s budget, still allows the county to remain competitive by raising teacher and staff salaries.
About the PBOR Market Brief
The Paulding Board of REALTORS® (PBOR) Market Brief is compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Board at 770.866.1397.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Paulding Board of REALTORS®
The Paulding Board of REALTORS® (PBOR) has been an instrumental factor in the growth of real estate in Paulding County, Georgia for more than a decade. PBOR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About First Multiple Listing Service
First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact join@fmls.com.