OXFORD, Ga. - The City of Oxford today announces its intention to increase the 2023 property taxes it will levy this year by 18.84 percent over the rollback millage rate.

Each year, the board of tax assessors is required to review the assessed value of taxable 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 that a rollback millage rate must 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 reassessments occurred.

The budget adopted by the City of Oxford requires a millage rate higher than the rollback millage rate; therefore, before the Mayor & Council of the City of Oxford can 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 Oxford City Hall, 110 West Clark Street, Oxford, Georgia on July 31, 2023, at 9 a.m. and 6 p.m. and on August 7, 2023, at 6 p.m.