Savannah property taxes could increase, along with property valu - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Savannah property taxes could increase, along with property values

SAVANNAH, GA (WTOC) -

Savannah homeowners might be paying more for property taxes this year.

The good news is, it's a result of economic development causing property values to go up.

The Savannah City Council is holding a public hearing on Thursday evening.

Even though some people will be paying more, millage rates are staying the same. The current rate is 12.48 mills, but when you calculate your taxes, you multiply the millage rate and the assessed value of your home.

For example, if you own a $100,000 home, you probably paid around $500 in 2013, but this year, you will pay around $515, so now you'll be paying about $15 more per year.

The city had the option to reduce the millage rate to offset the difference, but instead they decided the increased property values will generate about $1.18 million, money that will now go back into the city. That money will be used to help balance the budget and keep more money in savings at the end of the year.

A public hearing was held on Thursday morning about these changes, and some people were not happy.

"We're in an economy right now where everyone is pinching pennies, so every little bit helps," said Louis Wilson.

Not every single property value in the City of Savannah increased, so you may be in the clear. Anyone with questions will want to contact the Board of Assessors.  

Copyright 2013 WTOC. All rights reserved.

  • NewsNewsMore>>

  • SCMPD responds to early morning shooting in City Market

    SCMPD responds to early morning shooting in City Market

    Sunday, April 30 2017 10:43 AM EDT2017-04-30 14:43:23 GMT

    The Savannah-Chatham Metropolitan Police Department is investigating a shooting that occurred just before 3:00 a.m. on Sunday morning at Bryan and Jefferson Streets.  At this time, one person has been sent to the hospital with non-life-threatening injuries.  #SCMPDAlert- SCMPD is on the scene of a shooting at Bryan and Jefferson Streets. Please avoid the area. — SCMPD (@scmpd) April 30, 2017 Other details are limited at this time.  Stay with WTOC as we upd...

    More >>

    The Savannah-Chatham Metropolitan Police Department is investigating a shooting that occurred just before 3:00 a.m. on Sunday morning at Bryan and Jefferson Streets.  At this time, one person has been sent to the hospital with non-life-threatening injuries.  #SCMPDAlert- SCMPD is on the scene of a shooting at Bryan and Jefferson Streets. Please avoid the area. — SCMPD (@scmpd) April 30, 2017 Other details are limited at this time.  Stay with WTOC as we upd...

    More >>
  • SCMPD investigates Feiler Park shooting

    SCMPD investigates Feiler Park shooting

    Sunday, April 30 2017 9:15 AM EDT2017-04-30 13:15:36 GMT
    (Source: WTOC)(Source: WTOC)

    The Savannah-Chatham Metropolitan Police Department is on the scene of a shooting on Montgomery Street and 51st Street.

    More >>

    The Savannah-Chatham Metropolitan Police Department is on the scene of a shooting on Montgomery Street and 51st Street.

    More >>
  • SCMPD investigating wreck involving police car on Eisenhower St., Waters Ave.

    SCMPD investigating wreck involving police car on Eisenhower St., Waters Ave.

    Saturday, April 29 2017 11:34 PM EDT2017-04-30 03:34:45 GMT
    (Source: Raycom Media)(Source: Raycom Media)

    The Savannah-Chatham Metropolitan Police Department says one suspect is in custody after ramming into a police car near Eisenhower Street and Waters Avenue. 

    More >>

    The Savannah-Chatham Metropolitan Police Department says one suspect is in custody after ramming into a police car near Eisenhower Street and Waters Avenue. 

    More >>
Powered by Frankly