2019 IMPACT Report - Sarasota County, Florida

12 Impact Report 2019 T he 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. 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 7.0030 4.0512 1.3769 Taxes Levied 1,575.68 810.24 275.38 Total Millage Rate 12.4311 Total Property Tax $ 2,661.30 PROPERTY TAXES HOW YOUR PROPERTY TAXES WERE ALLOCATED ON MILLAGE RATES DISTRICTS $0.024 Southwest Florida Water Management $0.003 West Coast Inland Navigation $0.084 Sarasota Memorial Hospital FY19 SARASOTA COUNTY (UNINCORPORATED) For illustrative purposes only. Does not include Non-Ad Valorem Assessments. Totals include rounding. SARASOTA COUNTY SCHOOL BOARD $0.302 School (State) $0.261 School (Local SARASOTA COUNTY $0.259 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 $0.004 Mosquito Control $0.053 Sarasota County EMS $0.56 School Total $0.33 County Total $0.11 District Total