How are my taxes calculated?

Formula


(Property Value x Assessment Rate) - Exemptions) x Property Tax Rate = Tax Bill

Example


Here is an example calculation for a home with a market value of $100,000 in the Unincorporated County:
  1. The property value is the full market value appraised by the Assessors. All property in Georgia is taxed at an assessment rate of 40% of its full market value.
    $100,000 x 40% = $40,000
  2. Exemptions, such as a homestead exemption, reduce the taxable value of your property. Let’s say this homeowner has a standard homestead exemption of $2,000.
    $40,000 - $2,000 = $38,000
  3. The taxable value is then multiplied by the millage rate. 1 mill = $1 tax per $1,000 taxable value. Hall County’s total unincorporated millage rate including the county school tax rate is 27.166, which means property owners pay $27.166 per $1,000 of taxable value.
    $38,000 x (27.166/1,000) = $1,032.31 your tax bill.
  4. For a further break down of the property taxes in the above illustration please see below;
    • School Tax: $38,000 x (18.80/1,000) = $714.40 
    • County Tax: $38,000 x (5.716/1,000) = $217.21
    • County Fire Tax: : $38,000 x (2.65/1,000) = $100.70

 * 2016 Millage Rates
 * It is important to note that the City of Gainesville taxes on the 100% appraised value.
 * The City Schools do not give credit for the Regular Homestead Exemption.