logo Sandy Springs 350_32Sandy Springs City Council approved its Fiscal Year 2016 property tax rate on July 21.

The rate remains 4.731 mills, which is fixed in the city charter and can only change by voter referendum.

However, state law requires the millage rate to be advertised as a tax increase if it is not fully rolled back to the level that would produce the same amount of revenue as the city collected the previous year. Because of a higher total valuation for tax purposes of all property within the city, city officials have projected the 4.731 mills  will collect about $86 million this year.

Taxes are computed by multiplying the taxable value of a property by the millage.

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