An explanation of information, on your Tax Bill:

• Building Value:
  The value placed on the building by the Tax Assessor's Office.
   
• Land Value:
  Value placed on the land by the Tax Assessor's Office.
   
• Fair Market Value:
  What a knowledgable buyer would pay for property and a willing seller would accept for the property at an arms-length bonafide sale. 
   
• Entity:
  Where the funds are disbursed once they are collected.
   
• Adjusted Fair Market Value:
  Your land and building value combined.
   
• Net Assessment:
  40% value of the adjusted fair market value. 
   
• Exemptions:
  This amount is deducted from the net assessment. 
   
• Taxable Value:
  The amount after the exemptions are deducted.
   
• Millage Rate:
  One Mil is equivalent to a $1 tax on every $1,000 of Taxable Value (2 mils would be $2, etc).  There are several different millage rates reflected on your property tax bill.  Millage rates are established by each of the following government entities (State of Georgia, County Board of Commissioners, County School Board, and Local Municipalities/Cities).  To see a breakdown of current millage rates in Douglas County, please click here.
   
• Credit: 
  Homeowner's Tax Relief Grant and/or Sales Tax, given back to the County from the state.
   
• How your Taxes are actually Calculated (Example):
                  Fair Market Value = $100,000 
                  X assessment value rate 0.40 
                  = assessed value: $40,000 
                  - exemptions: $10,000 
                  = taxable assessed value: $30,000 
                  X mil rate: 0.03425 (reflects a mil rate of 34.250) 
                  = your tax bill: $1,027.50