MARIETTA — The Marietta Board of Education on Tuesday reduced its millage rate by .475 mills.
Board Chairman Randy Weiner said the group voted 6-0, with member Irene Berens absent, to lower the property tax rate from 19.157 mills to 18.682 mills.
The .475 reduction will be implemented in light of voters countywide approving SPLOST IV in March, which allows the city school district to pay off the $7 million, five-year auditorium bond for Marietta High School.
The reduction could save the owner of a $100,000 home $17 per year; the owner of a $200,000 home $36; and $300,000, $55.
A second reduction in the millage of .712 mills is anticipated for 2014.