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TAXES �FACT: Property taxes would be higher inside the city, but the increase would be largely offset by reductions in water b i lls, sanitation service charges, and fire insurance . Net result: a modest total increase in taxes. All property VALUE of HOME I. $ 16,360 11. 28,160 ASSESSMENT Co. City Co. C i ty 43,000 Co. City PERSONAL PROPERTY TAX WATER BILL SANITATION 135.84 215.73 30.49 28.90 93.16 46.96 28.00 22. 00 + 79. 89 - 1.59 - 46.20 - 6.00 305.46 414.58 79. 36 75.22 93.16 46.96 35.00 22.00 109.12 - 4.14 - 46.20 - 13. 00 518.79 663.82 87.99 83.40 69.07 34.75 28.00 22.00 t 145.03 - 4.59 - 34.32 - 6.00 4,090 5,720 7,040 9, 860 10,750 15,040 The fol lowing actual examples are from a random survey of Sandy Springs Homes. REAL ESTATE TAX t Ill. assessments in the city and county are made by the Jo int Board of Assessors in accordance with the formula established in 1956. NET CHANGE + 26. 10 + 45.78 + 100. 12 FACT: FACT: Federa l and state income tax returns allow for deduction of local tax payments. The major part of th e increase in property taxes would be recovered through income tax deductions. Ta king into consideration increased property ta xes, reduced water and sanitation bill s, reduced fire ins urance premiums, the home own e rs in the examples above wou ld pay the follow ing add itional amounts annually if Sandy Spr ings joined Atlanta: FACT: The City of Atlanta ha s a Class 3 fire rating, refl e cting its high quality fire fighting facilitie s. Sandy Springs, with less fire protection , is rate d Class 6 . Since the cost of fire insurance is based in part on the rat i ng of the district, pre miums would be reduced if Sandy Springs became part of Atlanta. Th e following figures are for the same homes used in the example s above , a ss um ing these are a l I brick ve neer hom es which receive th e lowest ins uran ce rates. Pre mium cost s cover straight fire ins urance only. Volue of Home Clo ss 3 Annuol Fire ln suronce Premium Closs 6 Annuol Fire In suran ce Premium I. 11. $16, 360 28, 160 30.00 46. 00 111. 43, 000 44 .00 67.00 $20.00 $29. 00 I. $17. 10 II. 29.78 Ill. 77.12 These figures do not take into consideration deductions allowed on state and federal income ta x returns . • •• INCREASED FIRE and POLICE PROTECTION; BETTER ZONING; CHEAPER WATER , SA NITATION ond F IR E INSURANCE; EXP ANDED SCHOOL FAC ILITI ES. THESE ARE SOME OF THE AD V ANTAGES OF LIV ING IN T H E CITY . WHAT A RE THEY WO RTH A Y EAR TO YOU ond YOU R FAMILY? �.., J [ SandJ Springs / Atlanta Team forTomorrow II ,, �