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Updated about 4 years ago on . Most recent reply
Georgia Property Taxes
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!
Most Popular Reply
40% of assessed value is written into GA state law. It will not change in the near future.