City Manager Stephanie Cutter is recommending Savannah’s property tax rate be reduced despite budget challenges that include a revenue shortfall for the year of almost $3.6 million.
The recommendation comes after the Chatham County Board of Assessors notified the city that this year’s taxable property value of about $4.6 billion is about 1.5 percent more than the 2012 digest.
Based on that information, Cutter has proposed that the city reduce the current tax rate of 12.50 mills to 12.48 mills. The lower millage is the “rollback” rate recommended by the state for maintaining the same level of tax collections.
Cutter said the city has made a commitment to keep the tax rate in line with the city digest.
“I think our taxpayers deserve this,” she said.