Property tax rate hearings scheduled | savannahnow.com

24
Jul

Property tax rate hearings scheduled | savannahnow.com

The city of Savannah has scheduled three public hearings regarding its proposed property tax rate.

Although the tax rate will remain the same as the current rate, the hearings are required by the state when the total value of property throughout the city increases and the rate is not reduced to a recommended “rollback rate” to keep tax revenue flat.

The city’s tax digest increased 3.22 percent this year, compared to a 1.33 percent increase in 2013, representing the first back-to-back digest increase since 2009, according to a memo City Manager Stephanie Cutter sent to the City Council on Thursday.

“This good news should be tempered by the fact that our tax digest has still not returned to pre-recession levels,” Cutter said.

via Property tax rate hearings scheduled | savannahnow.com.

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