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July 19, 2018, City Council Regular Meeting
Title
12. Motion to Adopt the Final 2018 Property Tax Millage Rate, Adopt the Special Service District Tax Rate for the Water Transportation District, and Amend the 2018 Revenue Ordinance
Strategic Priority
Good Government
Description

The Board of Assessors recently released the 2018 Tax Digest, which indicated a 4.37% overall increase in property assessments throughout the City of Savannah.  State Law requires taxing entities that experience an increase in tax digest to calculate a “rollback rate,” which is a millage rate that will generate the same amount of revenue as the previous year’s millage rate minus new construction or annexation. 

Due to the higher Tax Digest, the City’s rollback rate for 2018 is 12.008 mills.  The proposed millage rate is 13.40 mills.  Although the millage rate represents an increase in the rate from the 2017 adopted rate of 12.48 mills, it still represents a 23% reduction in rate over the past two decades.  Below is Savannah’s millage rate since 1971.

YEAR

MILLAGE

YEAR

MILLAGE

YEAR

MILLAGE

YEAR

MILLAGE

1971

26.00

1983

8.50

1995

17.46

2007

12.50

1972

30.00

1984

9.00

1996

17.46

2008

12.50

1973

28.00

1985

9.00

1997

17.46

2009

12.50

1974

28.00

1986

9.00

1998

16.93

2010

13.00

1975

27.00

1987

11.30

1999

16.50

2011

12.50

1976

27.00

1988

13.30

2000

14.80

2012

12.50

1977

9.00

1989

13.30

2001

13.70

2013

12.48

1978

9.00

1990

13.30

2002

13.70

2014

12.48

1979

8.50

1991

14.30

2003

13.30

2015

12.48

1980

8.50

1992

14.30

2004

13.10

2016

12.48

1981

8.50

1993

15.90

2005

12.90

2017

12.48

1982

8.50

1994

17.46

2006

12.70

2018

13.40*

It is recommended that City Council amend the Revenue Ordinance of 2018; adopt a tax rate on real and personal property of 13.40 mills on the dollar (0.0134) or $13.40 per $1,000 in assessed value; and adopt a special service district tax rate for the Water Transportation District of 0.200 mills on the dollar (.0002) or $0.20 per $1,000 in assessed value.

Recommendation

Approval

Contact
Ashley Simpson, Revenue Director
Financial Impact
$69,480,591 in property tax revenue
Review Comments
Attachments
Memo to Council - Adoption of the 2018 Millage Rate.pdf
Millage Rate Ordinance.pdf
2018 Tax Digest and Five Year History.pdf
Millage Rate - 2nd and 3rd Public Hearing Notice.pdf
Agenda Plus