DISTRICTS $0.021 S outhwest Florida Water Management $0.003 West Coast Inland Navigation $0.086 Sarasota Memorial Hospital SARASOTA COUNTY SCHOOL BOARD $0.285 School (State) $0.267 School (Local) SARASOTA COUNTY $0.265 Sarasota County General operating revenue for the Sheriff’s Office, Clerk of the Circuit Court and County Comptroller, Property Appraiser, Supervisor of Elections, Tax Collector, SCAT, Health and Human Services, parks, libraries and other services. $0.010 Sarasota County Debt (ESLPP*) $0.005 Sarasota County Debt (Legacy Trail) $0.004 Mosquito Control $0.054 Sarasota County EMS $0.55 School Total $0.34 County Total $0.11 District Total PROPERTY TAX CYCLE The property tax bill property owners pay each year funds much more than County government. From the chart below, you can see where your property tax dollars go. Your County government receives only a portion of your property tax dollars, while the largest portion goes to the School Board. HOW YOUR PROPERTY TAXES WERE ALLOCATED ON MILLAGE RATES FY22 SARASOTA COUNTY (UNINCORPORATED) Government Services Funding of PROPERTY TAX CYCLE NOVEMBER Tax Collector mails tax bill to property owners and begins collecting payments. NOVEMBER-MARCH Tax Collector distributes property tax collections to local governments and taxing authorities. The Clerk and Comptroller receives those funds and invests them until they are needed to pay bills. JANUARY Property Appraiser determines market value and exemption eligibility, which is used to calculate your property’s taxable value. JULY Based on how much money is needed to cover expenses, the BCC and other taxing entities set millage rates, which are used to calculate property taxes. AUGUST-SEPTEMBER Property Appraiser mails a notice of proposed taxes, or Truth in Millage “TRIM” notice. Taxpayers may challenge the assessment by petitioning the Value Adjustment Board “VAB.” PROPERTY TAXES 16 Impact Report 2022 Impact Report 2022 17 For illustrative purposes only. Does not include Non-Ad Valorem Assessments. Totals include rounding. *Environmentally Sensitive Lands Protection Program HOW YOUR TAXES ARE CALCULATED [Assessed Value of Property minus Exemption(s)] ÷ 1,000 x Total Millage Rate = Total Property Tax Sarasota County School Board Sarasota County Districts Assessed Value of Property $ 250,000 $ 250,000 $ 250,000 Less: Exemption(s) 25,000 50,000 50,000 Taxable Value 225,000 200,000 200,000 Taxable value divided by 1,000 225 200 200 Millage Rate 6.2720 4.1063 1.3074 Taxes Levied 1,411.20 821.26 261.48 Total Millage Rate 11.6857 Total Property Tax $ 2,493.94 The Board of County Commissioners and other taxing entities set a property tax rate called a “millage rate” which is used to calculate your overall property taxes. A “mill” is equal to $1 of tax for every $1,000 of assessed property value. Sarasota County has been able to maintain or improve the level of services provided while sustaining the second lowest millage rate in the State of Florida.
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