What is the assessed value in Georgia?

In Georgia, the Assessed Value is 40% of the Fair Market Value.

Review this example of how the ad valorem taxes are calculated on the Fair Market Value of $100,000.

× 0.40 =
40,000 (assessed value or taxable value)
× 0.021445 (mill rate for your tax district) =
$857.80 (approximate yearly taxes)

Show All Answers

1. Do other states have an ad valorem personal property tax?
2. What is tangible personal property for a short-term rental?
3. Who files a return for tangible personal property?
4. What items are to be included in the return?
5. What sources do the Tax Assessor's Office use for discovery of personal property?
6. How and when are tangible personal property taxes required to be filed?
7. What is the assessed value in Georgia?
8. How do I report my tangible personal property values?
9. What happens if I don't file a return?
10. Who can I contact with questions?