How To Calculate Your Columbia County Property Taxes
Ever wonder how your property taxes are calculated? What’s the difference between assessed value and fair market value?
To determine the amount of your property taxes, you’ll need several values:
- Fair Market Value (FMV) x 40% = Assessed Value
- Assessed Value (ASV) x Millage = Tax
- Tax digest = total of all assessments
- Millage Rate = Proposed Budget divided by Tax digest
Millage is usually expressed as dollars per $1000.00 of Assessed Value.
For example, the 2009 Columbia County millage rate was set at .026977. The ASV of property with a FMV of $175,000 would be 40%, or $70,000. Multiply the ASV of $70,000 by the millage rate of .026977 to get a close estimate of the property tax amount. In this case, around $1888.00.
So what is the millage rate where you live? The 2009 values are
- 0.026977 for Columbia County unincorporated districts
- 0.032262 for City of Grovetown
- 0.030612 for City of Harlem