Oconee BOE Lowers Property Tax Rate but Property Owners May See a Tax Hike
The Oconee Board of Education voted to lower property taxes, but many Oconee property owners will still see higher tax bills.
The board adopted a 15.5 millage rate on Monday, which would bring the property tax rate down to its lowest level in more than two decades. But because of increases in property values, the proposed new rate amounts could add up to a more than 5% increase on property tax bills.
The Board unanimously approved the rate reduction to 15.5 mils after members of the community pushed back against the original proposed rate of 16.25. In order to avoid any property tax increase, the millage rate would have to fall under 15 mils.