The City of Sandy Springs Mayor and City Council today announce their intention to increase the property taxes it will levy this year by 2.19 percent over the rollback millage rate. This tentative increase will result in a millage rate of 4.731 mills, as set by City Charter.
\n\nCitizens are invited to the public hearings on this tax increase to be held at Sandy Springs City Hall, 1 Galambos Way, Sandy Springs, Georgia on August 6, 2024, at 5 p.m., August 20, 2024, at 8:30 a.m., and the final public hearing on August 20, 2024, at 6 p.m.
\n\nEach year, the board of tax assessors is required to review the assessed value for property tax purposes of taxable property in the county. When the trend of prices on properties that have recently sold in the county indicates there has been an increase in the fair market value of any specific property, the board of tax assessors is required by law to re-determine the value of such property and adjust the assessment. This is called a reassessment.
\n\nWhen the total digest of taxable property is prepared, Georgia law requires that a rollback millage rate must be computed that will produce the same total revenue on the current year's digest that last year's millage rate would have produced had no reassessments occurred.
\n\nThe budget tentatively adopted by the City of Sandy Springs Mayor and Council requires a millage rate higher than the rollback millage rate. Therefore, before the City of Sandy Springs may finalize the tentative budget and set a final millage rate, Georgia law requires three public hearings to be held to allow the public an opportunity to express their opinions on the increase.
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