Dougherty County Tax Director Denver Hooten, left, gives the county’s finance committee an update on the tax digest Monday.
ALBANY, Ga. — The tax digest of all taxable properties within Dougherty County grew modestly for the first time in three years, tax officials said Monday.
Speaking to the Dougherty County Commission’s finance committee Monday, Tax Director Denver Collins Hooten said that Dougherty County’s $2 billion digest had grown roughly $23.7 million since last year, or 1.17 percent.
The increase is the first uptick in the digest since the recession took hold in 2008.
The largest gains came in the real property portion of the digest, specifically for commercial real property, which increased by $7 million, and in residential real property, which increased by $3.1 million.
“I think it’s partially thanks to manufacturers,” Hooten said. “They’ve really beefed up their inventories and, even though the freeport exemption is 100 percent, I think it’s still an indication that the economy is improving.”
While the numbers appear encouraging, she cautioned commissioners, saying that, at least for the short term, the numbers will remain in flux because of appeals, pending exemptions and changes in values.
“This is a living, breathing document and many of the items here are subject to change,” Hooten said. “Hopefully, they won’t, because growth is a good thing, but a lot things have still yet to be decided.”
currently sits at $2.2 billion. Strip out about $189 million in tax exemptions for things like timber and freeport items and the digest is $2.05 billion.
The digest is vital to the Albany City Commission, County Commission and Dougherty County School Board because it is used in the formula to determine the value of a mill — the taxable unit that determines how much tax is levied on property.