What does the tax hike mean to you?

How much will the County Commission decision to raise taxes 3 mils affect your wallet?

That depends on the taxable value of your property. In Georgia, the taxable value of real estate is 40% of the assessed value, less any exemptions. (See below)

This is important: The taxable value and assessed value are not the same.

A MIL

A mil is 1/10th of 1 percent.

In money terms, a mil is one-thousandth of a dollar ($0.001).

We break this down and explain what it means to your wallet in www.TheWiregrassFarmer.com.