Property Tax
Taxes on real estate and tangible personal property are levied by the County, the local school district, and the State as of January 1st of each year. The taxes are collected by the County and all rates are set at the local level, except for State tax. State tax is fixed by Georgia law at a rate of $0.10 for each $1,000 of a property’s fair market value.
Each of the following formulas will yield the same result for Columbia County property tax rates:
Millage Rate Formula: $26.81 per $1,000 of assessed value (at 40% FMV)
or
Effective Tax Rate Formula: 1.0724% of a property’s total assessed value (100% FMV)
Example
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Columbia County Property Tax Rate on $1,000,000 worth of real or personal Property Millage Rate Calculation [$1,000,000] x [40% Fair Market Value] = $400,000 of Assessed, Taxable Property. [$400,000] x .[02681] = $10,724 of Annual Property Tax Effective Tax Rate Calculation [$1,000,000] x [.010724] = $10,724 of Annual Property Tax |