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First, determine the nominal property tax rate for your locale. Then multiply that rate by the assessment ratio, which will give you the effective property tax rate. Multiply the effective property tax rate by the value of your home and that will give you your liability.

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15y ago

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Related Questions

How do appraisals affect property taxes?

Appraisals can impact property taxes by determining the value of a property, which is used to calculate the amount of taxes owed. Higher appraised values can lead to higher property taxes, while lower appraised values can result in lower taxes.


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A home appraisal may lead to an increase in your property taxes if it determines that your home's value has gone up significantly. This could result in a higher assessment value, which is used to calculate property taxes.


How are property taxes calculated?

Follow The link below. It will take you to a site that will explain how to and Show you how to calculate Property Tax. http://www.ehow.com/how_2163954_calculate-property-tax.html


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What is the primary source of income for counties and municipalities in Georgia?

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There is no formula, it's just a percentage based upon what state and county you live in.


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