2020 IMPACT Report - Sarasota County, Florida

PROPERTY TAXES 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 PROPERTY TAXES WERE ALLOCATED ON MILLAGE RATES FY20 SARASOTA COUNTY (UNINCORPORATED) SARASOTA COUNTY SCHOOL BOARD $0.298 School (State) $0.262 School (Local $0.56 School Total 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. $0.011 Sarasota County Debt (ESLPP*) $0.003 Sarasota County Debt (Legacy Trail) $0.004 Mosquito Control $0.053 Sarasota County EMS $0.33 County Total DISTRICTS $0.023 Southwest Florida Water Management $0.003 West Coast Inland Navigation $0.084 Sarasota Memorial Hospital $0.11 District Total 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 6.9430 4.0931 1.3615 Taxes Levied 1,562.18 818.62 272.30 Total Millage Rate 12.3976 Total Property Tax $ 2,653.10 12 Impact Report 2020