Sandy Springs To Host Millage Rate Public Hearings

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The city of Sandy Springs will soon host the first of three public hearing on its millage rate for fiscal year 2016.

The first meeting will be held at 6 p.m. Tuesday, July 7 at Sandy Springs City Hall.

The fiscal year 2016 budget adopted by the Sandy Springs City Council requires a millage rate higher than the rollback millage rate.

Sandy Springs’ millage rate of 4.731 is set in the city’s charter and not changed since incorporation. However, due to the estimated increase in property values, the millage rate for the upcoming fiscal year is 4.41 percent higher than the rollback millage rate computed by the Fulton County Tax Assessor’s Office.

Each year, the board of tax assessors is required to review the assessed value for property tax purposes of taxable property in the county. The tentative increase in tax is a result of a notice from Fulton County of an increase in the valuation of real property tax assessments and new development, not the millage rate.

• RELATED: County: Expect “Substantial Increase” In Property Values

Homeowners may see an increase or decrease in their residential property taxes, depending on whether individual property was assessed higher or lower by the county.

Georgia law requires three public hearings to be held to allow the public an opportunity to express their opinions regarding the millage rate.

Along with the July 7 session, two additional hearings will be held at 7:30 a.m. and 6 p.m. July 21 in the Council Chambers at City Hall, which is at 7840 Roswell Road.

The fiscal year 2016 budget, which was approved at the council’s June 16 meeting, is set at $207.5 million. It includes $18.8 million for City Center projects, $960,000 for parks projects, $5.18 million in transportation infrastructure improvements and $2.5 million for stormwater projects.

Additionally, the budget comes with $25 million in contributions towards capital improvements, including $1 million towards a shared use trail for the Interstate 285-S.R. 400 interchange reconstruction project and $450,000 towars a feasibility study for a new interchange along I-285.

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