Chatham County schools propose FY 2015 property tax - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Chatham County schools propose FY 2015 property tax

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SAVANNAH, GA (WTOC) -

Savannah-Chatham Public Schools officials aren't planning to raise the county's property tax rate in the next fiscal year. But they do expect to take in more money.

The sum value of all Chatham County properties, known as the tax digest, went up this year. Because of that, the school system expects to take in an additional $3.5 million.

The school system's projected Fiscal Year 2015 operating budget is $497 million.

"There will be no increases to your taxes," school system spokesman Kurt Hetager said. "But it does still allow us to maintain a solid budget that does fund a growing school system."

The proposed property tax rate is 15.881 mills.

A homeowner with a property worth $125,000 claiming the standard homestead exemption pays $762.29 a year under the rate.

The school board is scheduled to vote on the tax rate July 25.

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