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Pete Clay,REALTOR®  
Associate Broker, ARC
678.492.3559 direct
PeteClay@aol.com
Golf Homes of Georgia   Property Taxes

Good news! Real estate taxes for homes are relatively low in Georgia, compared with many other areas. To estimate your real estate tax on a residential property, all Georgia uses the same basic formula; calculate 40% of the  "fair market value" (usually lower than actual sale prices) and multiply that result by the millage rate in the particular county. Be sure to use the rate including fire, any incorporated city taxes, school tax rate, etc. These rates are available on-line at  for every county in Georgia:

Click Here for Georgia Official Property Tax Information

Click Here for 2007 Property Tax Rates by County

In Georgia property is required to be assessed at 40% of the fair market value unless otherwise specified by law.
Property is assessed at the county level by the Board of Tax Assessors.  The State Revenue Commissioner is responsible for examining the digests of counties in Georgia in order to determine that property is assessed uniformly and equally between and within the counties.  (O.C.G.A. 48-5-340)

Example: The assessed value--40 percent of the fair market value--of a house that is worth $100,000 is $40,000. In a county where the millage rate is 25 mills, the property tax on that house would be $1,000; $25 for every $1,000 of assessed value or $25 multiplied by 40 is $1,000.

 

 
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The above information is deemed to be accurate, but not warranted. It is subject to errors, prior sale, or withdrawal without further notice. Listing broker represents the Seller in an Exclusive Right to Sell.

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