Appraiser I & II Practice Exam 2025 – The Complete All-in-One Guide for Exam Success!

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What is the level of assessment for property taxes in Georgia?

30%

40%

The level of assessment for property taxes in Georgia is set at 40%. This means that when determining the taxable value of a property, only 40% of its fair market value is used. For example, if a property has a fair market value of $100,000, the assessed value for property tax purposes would be $40,000.

This method is utilized to establish a consistent approach across the state, ensuring that all properties are assessed fairly based on a standardized percentage of their market value. Assessing properties at a certain level allows local governments to generate revenue from property taxes while promoting equity among taxpayers.

In Georgia, this 40% level is a crucial aspect of the property assessment process and is important for understanding how tax liabilities are calculated for homeowners and property investors alike.

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50%

60%

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