HomeMy Public PortalAbout120_011_Updated version Copy of FY2014 Property Digest Advertisement (3)_Redacted NOTICE OF PROPERTY TAX INCREASE
City of Tybee Island in Chatham County,Georgia
The City of Tybee Island has tentatively adopted a millage rate which will require an increase in property taxes by 1.33 percent over the
rollback rate. Pursuant to requirements of the O.C.G.A.48-5-32 does hereby publish the following presentation of the current year's
digest and levy along with the history of the tax digest for the past five years.
All concerned citizens are invited to the public hearings on this tax increase to be held at the Tybee Island City Hall,403 Butler Avenue,
Tybee Island,GA.on the following dates:
June 30,2014 at 6:00 pm
July 10,2014 at 3:00 pm
July 10,2014 at 6:00 pm
This tentative increase will result in a millage rate of 4.185 mills,an increase of.055 mills. Without the tentative tax increase,the millage
rate will be no more than 4.130 mills. The proposed tax increase for a home with a fair market value of$100,000 is approximately$2.75
and the proposed tax increase for non-homestead property with fair market value of$250,000 is approximately$6.75. For questions,
contact Jan LeViner,Clerk of Council,912.472.5080
NOTICE
City of Tybee Island in Chatham County,Georgia
2010 2011 2012 2013 2014
Real and Personal 705,694,027 551,838,589 528,885,409 530,538,836 529,079,404
Motor Vehicles 12,035,480 11,872,400 12,329,770 13,560,860 11,614,100
Mobile Homes 100,400 92,400 97,200 95,600 86,480
Gross Digest 717,829,907 563,803,389 541,312,379 544,195,296 540,779,984
Less:M&O Exemptions (177,702,733) (125,850,311) (118,003,873) (117,977,547) (117,303,855)
Net M&O Digest 540,127,174 437,953,078 423,308,506 426,217,749 423,476,129
Gross M&O Millage 5.090 6.076 6.564 6.704 6.712
Less:Rollbacks 0.904 1.890 2.378 2.546 2.527
Net M&O Millage 4.186 4.186 4.186 4.158 4.185
Net Taxes Levied I 2,260,972 I 1,833,272 I 1,771,969 I 1,772,213 I 1,772,248
Net Taxes$Increase/(Decrease) 15,704 (427,701) (61,302) 244 34
Net Taxes%Increase/(Decrease) 0.70% -18.92% -3.34% 0.01% 0.00%
Gross M&O Revenue _ 2,749,246 2,661,002 2,778,596 2,857,363 2,842,371
Less Rollbacks 488,274 827,730 1,006,627 1,085,149 1,070,123
Net Taxes Levied 2,260,972 1,833,272 1,771,969 1,772,213 1,772,248