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Taxes

The revenue generated by property tax collections funds approximately 10% of the Town's annual operating budget. 

How is my tax bill distributed?

2023 Property Tax Breakdown

How does Tyrone use my tax dollars?

Tax Breakdown 1

Tax Breakdown 2

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NOTICE OF PROPERTY TAX INCREASE

 

The Mayor and Council for the Town of Tyrone, Georgia have tentatively adopted a millage rate which will require an increase in property taxes by 9.41% percent in 2023.

 

All concerned citizens are invited to the public hearing on this tax increase to be held at the Tyrone Municipal Complex, 950 Senoia Road, Tyrone, Georgia 30290 on August 10, 2023 at 9:00 am. 

 

The times and places of additional public hearings are at the Tyrone Municipal Complex, 950 Senoia Road, Tyrone, Georgia 30290 on August 15, 2023 at 5:00 pm, and August 17, 2023 at 6:30 pm.  Final adoption will be held at the council meeting on August 17, 2023 at 7:00 pm.

 

This tentative increase will result in a millage rate of 2.889 mills, an increase of .263 mills. Without this tentative tax increase, the millage rate will be no more than 2.626 mills. The proposed tax increase for a home with a fair market value of $450,000 is approximately $46.81 and the proposed tax increase for non-homestead property with a fair market value of $400,000 is approximately $42.08.

FOR IMMEDIATE RELEASE

July 28, 2023

 

Town of Tyrone Proposes Increase in Property Taxes

 

The Mayor and Town Council of the Town of Tyrone, Georgia have announced today their intention to increase the collection of property taxes in 2023.  This increase as compared to prior-year revenues is due to the need for a millage rate above the state-defined roll-back millage rate as calculated after the tax digest is prepared by the Fayette County Tax Assessors Office. 

 

During budget preparation, the Town of Tyrone committed to maintaining its Maintenance & Operations (M&O) millage at a rate of 2.889 mills.  As was the case last year, the assessed value of the new construction and existing real and personal properties within the town limits have increased, and a roll-back millage was calculated at 2.626 mills.

 

Georgia Law requires that a government rollback their millage rate to a number of mills that will produce the same number of dollars in property tax revenue from the prior year.  The Town’s millage has been at this rate for sixteen years, despite vast fluctuations in economic factors.  The proposed increase in property tax revenue, year over year, amounts to $160,566 or 9.41%.  The total number of dollars anticipated to be collected in property tax for 2023 is $1,866,456.

 

Before the Town Council can set a final millage rate at a council meeting on August 17, 2023 at 7:00 pm, the Department of Revenue requires that three public hearings be held to allow for the citizens to express their opinion on the potential increase.  All concerned citizens are invited to the public hearings, which will be held at the Tyrone Municipal Complex, 950 Senoia Road, on the following dates and times.

 

Public Hearings for Town of Tyrone Property Tax Increase:

 

Thursday, August 10, 2023 at 9:00 AM

Tuesday, August 15, 2023 at 5:00 PM

Thursday, August 17, 2023 at 6:30 PM

 

#  #  #

NOTICE OF PROPERTY TAX INCREASE

The Mayor and Council for the Town of Tyrone, Georgia have tentatively adopted a millage rate which will require an increase in property taxes by 15.99% percent in 2022.

All concerned citizens are invited to the public hearing on this tax increase to be held at the Tyrone Municipal Complex, 950 Senoia Road, Tyrone, Georgia 30290 on August 10, 2022 at 9:00 am. 

The times and places of additional public hearings are at the Tyrone Municipal Complex, 950 Senoia Road, Tyrone, Georgia 30290 on August 16, 2022 at 5:00 pm, and August 18, 2022 at 6:30 pm.  Final adoption will be held at the council meeting on August 18, 2022 at 7:00 pm.

This tentative increase will result in a millage rate of 2.889 mills, an increase of .352 mills. Without this tentative tax increase, the millage rate will be no more than 2.537 mills. The proposed tax increase for a home with a fair market value of $375,000 is approximately $52.09 and the proposed tax increase for non-homestead property with a fair market value of $350,000 is approximately $49.28.


CURRENT 2022 PROPERTY TAX DIGEST AND 5-YEAR HISTORY OF LEVY
TOWN OF TYRONE 2017 2018 2019 2020 2021 2022
             
REAL & PERSONAL 401,305,025 418,311,166 452,963,631 489,201,170 521,129,376 601,796,842
MOTOR VEHICLE 9,398,150 7,330,290 6,079,500 5,196,310 4,202,760 3,851,020
MOBILE HOMES 55,233 55,233 50,553 50,553 48,793 48,673
TIMBER - 100% 0 0 0 0 0 0
HEAVY DUTY EQUIPMENT 18,708 61,875 22,595 69,573 25,165 19,709
GROSS DIGEST 410,777,116 425,758,564 459,116,279 494,517,606 525,406,094 605,716,244
LESS M&O EXEMPTIONS 6,901,127 8,450,886 10,325,661 17,765,461 16,309,132 15,238,612
NET M&O DIGEST 403,875,989 417,307,678 448,790,618 476,752,145 509,096,962 590,477,632
             
GROSS M&O MILLAGE 5.532 5.739 5.647 5.700 5.619 5.426
LESS ROLLBACKS 2.643 2.850 2.758 2.811 2.730 2.537
NET M&O MILLAGE 2.889 2.889 2.889 2.889 2.889 2.889
NET TAXES LEVIED 1,166,798 1,205,602 1,296,556 1,377,337 1,470,781 1,705,890
             
             
NET TAXES $ INCREASE 113,946 38,804 90,954 80,781 93,444 235,109
NET TAXES % INCREASE 10.82% 3.33% 7.54% 6.23% 6.78% 15.99%

FOR IMMEDIATE RELEASE

July 28, 2022

 

Town of Tyrone Proposes Increase in Property Taxes

 

The Mayor and Town Council of the Town of Tyrone, Georgia have announced today their intention to increase the collection of property taxes in 2022.  This increase as compared to prior-year revenues is due to the need for a millage rate above the state-defined roll-back millage rate as calculated after the tax digest is prepared by the Fayette County Tax Assessors Office. 

 

During budget preparation, the Town of Tyrone committed to maintaining its Maintenance & Operations (M&O) millage at a rate of 2.889 mills.  As was the case last year, the assessed value of the new construction and existing real and personal properties within the town limits have increased, and a roll-back millage was calculated at 2.537 mills.

 

Georgia Law requires that a government rollback their millage rate to a number of mills that will produce the same number of dollars in property tax revenue from the prior year.  The Town’s millage has been at this rate for fifteen years, despite vast fluctuations in economic factors.  The proposed increase in property tax revenue, year over year, amounts to $235,109 or 15.99%.  The total number of dollars anticipated to be collected in property tax for 2022 is $1,705,890.

 

Before the Town Council can set a final millage rate at a council meeting on August 18, 2022 at 7:00 pm, the Department of Revenue requires that three public hearings be held to allow for the citizens to express their opinion on the potential increase.  All concerned citizens are invited to the public hearings, which will be held at the Tyrone Municipal Complex, 950 Senoia Road, on the following dates and times.

 

Public Hearings for Town of Tyrone Property Tax Increase:

 

Wednesday, August 10, 2022 at 9:00 AM

Tuesday, August 16, 2022 at 5:00 PM

Thursday, August 18, 2022 at 6:30 PM

 

#  #  #

The Town's property tax millage rate is 2.889 mils. Your bill is based on a 40% assessed valuation less a homestead exemption of your property with the following formula:

  • 0.40 (assessed value) - (homestead exemption if applicable) *0.002889 = Tyrone Tax Payment
5-Year Property Digest & History

CURRENT 2023 PROPERTY TAX DIGEST AND 5-YEAR HISTORY OF LEVY

TOWN OF TYRONE 2018 2019 2020 2021 2022 2023
             
REAL & PERSONAL 418,311,166 452,963,631 489,201,170 521,129,376 601,796,842 662,874,823
MOTOR VEHICLE 7,330,290 6,079,500 5,196,310 4,202,760 3,851,020 3,646,170
MOBILE HOMES 55,233 50,553 50,553 48,793 48,673 48,673
TIMBER - 100% 0 0 0 0 0 0
HEAVY DUTY EQUIPMENT 61,875 22,595 69,573 25,165 19,709 5,542
GROSS DIGEST 425,758,564 459,116,279 494,517,606 525,406,094 605,716,244 666,575,208
LESS M&O EXEMPTIONS 8,450,886 10,325,661 17,765,461 16,309,132 15,238,612 20,519,144
NET M&O DIGEST 417,307,678 448,790,618 476,752,145 509,096,962 590,477,632 646,056,064
             
GROSS M&O MILLAGE 5.739 5.647 5.700 5.619 5.426 5.515
LESS ROLLBACKS 2.850 2.758 2.811 2.730 2.537 2.626
NET M&O MILLAGE 2.889 2.889 2.889 2.889 2.889 2.889
NET TAXES LEVIED 1,205,602 1,296,556 1,377,337 1,470,781 1,705,890 1,866,456
             
             
NET TAXES $ INCREASE 38,804 90,954 80,781 93,444 235,109 160,566
NET TAXES % INCREASE 3.33% 7.54% 6.23% 6.78% 15.99% 9.41%