Box 8, Folder 22, Document 10

Box 8, Folder 22, Document 10

TAXES
FACT:

Property taxes would be higher inside the city,
but the increase would be largely offset by
reductions in water bills, sanitation service
charges, and fire insurance. Net
modest total increase in taxes. All property

result: a

assessments in the city and county are made
by the Joint Board of Assessors in accordance

with the formula established in 1956.

The following actual examples are from a random
survey of Sandy Springs Homes.









REAL ESTATE PERSONAL WATER NET
VALUE of HOME ASSESSMENT TAX PROPERTY TAX BILL SANITATION CHANGE
l. $ 16,360 Co. 4,090 135.84 30.49 93.16 28.00
City 5,720 215.73 28.90 46.96 22.00
+ 79.89 — 1.59 — 46.20 — 6.00 + 26.10
Il. 28,160 Co. 7,040 305.46 79.36 93.16 35.00
City 9,860 414.58 75.22 46.96 22.00
+ 109.12 — 4.14 — 46.20 — 13.00 + 45.78
ll. 43,000 Co. 10,750 518.79 87.99 69.07 28.00 ,
City 15,040 663.82 83.40 34.75 22.00
+ 145.03 — 4.59 — 34.32 — 6.00 4+ 100.12
FACT: FACT:

Federal and state income tax returns allow for
deduction of local tax payments. The major part
of the increase in property taxes would be
recovered through income tax deductions.

FACT:

The City of Atlanta has a Class 3 fire rating,
reflecting its high quality fire fighting facilities.
Sandy Springs, with less fire protection, is rated
Class 6. Since the cost of fire insurance is
based in part on the rating of the district,
premiums would be reduced if Sandy Springs
became part of Atlanta. The following figures
are for the same homes used in the examples
above, assuming these are all brick veneer
homes which receive the lowest insurance rates.
Premiumcosts cover straight fire insurance only.



Value of Class 3 Annual Class 6 Annual
Home Fire Insurance Fire Insurance
Premium Premium
1. $16,360 $20.00 $29.00
ll. 28,160 30.00 46.00
Il. =-43,000 44.00 67.00

Taking into consideration increased property
taxes, reduced water and sanitation bills, re-
duced fire insurance premiums, the home owners
in the examples above would pay the following
additional amounts annually if Sandy Springs
joined Atlanta:

I. $17.10
il. 29.78

Il. 77.12

These figures do not take into consideration
deductions allowed on state and federal income
tax returns.

ooo
INCREASED FIRE ond POLICE PROTECTION;
BETTER ZONING;
CHEAPER WATER, SANITATION
and FIRE INSURANCE;
EXPANDED SCHOOL FACILITIES.

THESE ARE SOME OF THE ADVANTAGES OF
LIVING IN THE CITY.

WHAT ARE THEY WORTH A YEAR TO YOU and
YOUR FAMILY?






VOTE
“VES”
MAY Il