What is Assessed Value?
In Georgia property is required to be assessed at 40% of the fair market value unless otherwise specified by law. (O.C.G.A. 48-5-7)
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)
The tax bills received by property owners from the counties will include both the fair market value and the assessed value of the property. Fair market value means "the amount a knowledgeable buyer would pay for the property and a willing seller would accept for the property at an arm's length, bona fide sale." (O.C.G.A. 48-5-2)

Show All Answers

1. Why is it necessary to update values annually in Paulding County?
2. Where do county tax dollars go?
3. Who determines the value of my property?
4. What property is not taxed?
5. Who has to pay the taxes?
6. When are taxes due?
7. What is Assessed Value?
8. What is a Tax Rate?
9. How do I figure the tax on my home ?
10. Can I pay my property taxes online?
11. How do I contact my county tax official about my property tax bill or property tax assessment?
12. Can I pay my property taxes online?
13. What is Homestead Exemption?
14. How often can a county reassess property?
15. What is market value?
16. What is an Annual Property Value Update?
17. Will all property values change?
18. How to Appeal a Property Tax Assessment?
19. What evidence do I need to present at a Board of Equalization appeal hearing?
20. Is timber taxed in Georgia?
21. Where do my tax dollars go?