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ringgold
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Below is the information you requested regarding the Ringgold 2022-2023 budget.
Total amount of budget: $51,537,045
Increase: 4/10 mill
Millage rate: 15.1705
According to Washington County, the median assessed value of a homestead property in Ringgold is $111,250. The 4/10 of a mill increase would result in a $44.50 annual increase in taxes. This same property, as an approved homestead with the Board approved Homestead/Farmstead Act resolution, will receive a real estate tax reduction of $246.70 for the 2022-2023 year. This amount is $55.00 more than the 2021-2022 real estate tax reduction amount due to the additional State Property Tax Reduction Allocation funding for the 2022-2023 school year.