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Forsyth County property tax payments rolling in

FORSYTH COUNTY — The deadline to pay property taxes in Forsyth County was Nov. 15 and officials are pleased with the response to date.

As of midweek, Tax Commissioner Matthew Ledbetter said the county was at 93 percent, which was “3 percent ahead of last year at that point in time.”

“We’re looking pretty good right now,” he said.

By Friday, the total had climbed to about $228.4 million, or about 94 percent of the billed nearly $243.9 million. About 91 percent of property owners had paid, according to county figures.

According to Ledbetter, property owners who have yet to settle up will be assessed a 1 percent penalty per month up to 90 days, when the amount will then go up significantly.

“On Feb. 15 … it’ll go up to a 10 percent penalty imposed,” he said. “So it’s very important that they’re paid by February.”

After 90 days, the department also will begin totaling up the revenue and distributing it to the county commission and board of education.  Ledbetter expressed gratitude for those who have paid on time.

“We appreciate the citizens … it’s very important that we do and we thank everyone who did,” Ledbetter said.

Property taxes were expected to be slightly higher this year than last due to an increased millage rate for the Forsyth County school system and the $200 million transportation bond that voters approved last fall.

The millage rate is a calculation used to determine the property tax, where 1 mill equals $1 for each $1,000 of assessed property, which is about 40 percent of the property’s market price.

Approved in July, Forsyth’s overall millage rate totals about 27.8 mills. The county government’s rate was set at 8.036 mills, including maintenance and operations, fire and bond rates. The school system’s rate is 17.3 mills, with a bond rate of about 2.4 mills.

The tax bill for a home assessed at $250,000 with a homestead exemption would be about $2,550, according to county officials.