The City of Sanford's tax rate for fiscal year (FY) 2019-20 decreased to $0.60 per $100 assessed valuation, down from $0.62 per $100 assessed valuation in FY 2018-19. FY 2019-20's tax rate is revenue neutral. Taxes for residents living in Sanford's city limits are collected by Lee County Government.
Sanford City Council approved a $45 increase to the annual sanitation fee for FY 2019-20 to offset increases in the cost of providing recycling services. The fee for FY 2019-20 is now $270.
The FY 2018-19 budget added a $30 vehicle fee for every vehicle and trailer registered within the municipal city limits. This fee is applied to the maintenance of City-owned streets, including resurfacing, patching, and other necessary repairs. This fee was included on motor vehicle tax bills generated after July 1, 2018. The fee has not changed for FY 2019-20.