Where does my Sandy Springs tax dollar go?

City Departments > Finance > Where does my Sandy Springs tax dollar go?
 
  Obtain Appraised Value(Fair Market Value) Calculate 40% (Assessed Value) Deduct applicable Homestead Exemption 1 Calculate Remaining Applicable assessment Apply applicable Millage Rates Calculate taxes owed prior to State Homestead Credit4 Deduct State Homestead Credit5 Calculate taxes owed
Fulton County General 1,2 500,000 200,000 15,000 185,000 11.4070 2,110.30 91.26 2,019.04
Fulton County Bond 2 500,000 200,000   200,000 0.0630 12.60   12.60
Fulton County School General 3 500,000 200,000 2,000 198,000 16.9039 3,346.97 135.23 3,211.74
Fulton County School Bond 3 500,000 200,000   200,000 1.2030 240.60   240.60
State of Georgia 500,000 200,000 2,000 198,000 0.2500 49.50 2.00 47.50
Sandy Springs 1 500,000 200,000 15,000 185,000 4.7310 875.24 37.85 837.39
Total         34.5579 $6,635.21 $266.34 $6,368.87

Chart | Fulton Schools 54.2% , Fulton County 31.9%, Sandy Springs 13.1%, State 0.8%

  1. Fulton County General and Sandy Springs homestead will increase to offset FMV if property has homestead (3% cap)

  2. 2006 Millage Rate used

  3. Millage Rates proposed as part of the 2008 budget

  4. Divide Millage Rate by 1,000 prior to multiplying by Remaining Applicable assessment

  5. Represents 8,000 of assessed value multiplied by the applicable millage rate, not applicable to bond levies