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Georgia Real Estate Q&A Discussion Forum
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Updated over 4 years ago on . Most recent reply

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Georgia Property Taxes

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Hi.  I have been looking to purchase some investment properties in Georgia and I am not sure what to assume on Property Taxes.  From what I have seen, there is a common approach in which Assessed Values are determined as 40% of the Fair Market Values.  Milage rates are high but overall taxes are low due to this "40% approach".  Should I be concerned about that 40% approach to disappear and then property taxes to go up?  Many thanks!

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Stan Sugarman
  • Investor
  • Decatur, GA
207
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Stan Sugarman
  • Investor
  • Decatur, GA
Replied

40% of assessed value is written into GA state law. It will not change in the near future.

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