The decrease means someone who owns a $200,000 home will pay $54 less than what they paid in 2013, according to a presentation to the school board.
The Marietta school board dropped the millage rate from 18.682 mills to 17.97 mills with a 4-0 vote, with Jeriene Bonner-Grimes and Jill Mutimer absent from Tuesday’s meeting.
This is the second time in the last two years the school board has lowered the millage rate.
The budget was dropped from 19.157 mills to 18.682 mills last year. Aside from the last two years, the millage rate has stood at 17.97 since 2001.
School board Chairman Randy Weiner said the two recent drops in the millage were meant to get the rate back down to the steady rate of 17.97 mills.
The rate increased two years ago so it could be used to pay off the $8.5 million used to build the Marietta Performing Arts Center, Weiner said.
At the beginning of last year, $4 million was still owed on the performing arts center, which took about 9 months to build and opened in August 2013. The board used last year’s tax revenue to pay off the remaining $4 million, and it can now lower the rate back to what it was before the auditorium was built.
“We are giving that money back to the taxpayers now,” Weiner said.
This drop in the millage rate was part of the board’s budget for fiscal 2015 it adopted at its June 17 meeting.