City of Tybee votes to keep millage rate the same
TYBEE ISLAND, GA (WTOC) - Tybee City Council members met one last time Wednesday for a vote that could have had a big impact on homeowners and businesses.
Council voted to keep the millage rate the same as last year - at 4.044 mills. So, what does that mean exactly? Basically, the overall property value for the City of Tybee went up by a very small amount, so technically, there is a small increase in taxes of about 0.06 mills. Because the city didn't vote to roll back the millage rate, the state considers that an increase. Again, they're keep it the same, so if you are a permanent resident of Tybee, the cost of your taxes that go to the city will not go up.
Mayor Jason Buelterman says he supports rolling back the millage rate, but he didn't win that argument on Wednesday. If they had rolled it back, it would have only been about $7-15 in saving.
"So, the state says if you keep the rate the same and don't roll it back, then the state considers that a tax increase when in all actuality, because of Steve Days, which is fairly unique to Chatham County, that isn't really the case for people who live here and qualify for the Homestead Exemption," said Mayor Buelterman.
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