Calculating Property Tax
Property tax is the primary source of revenue for local governments. Property tax is an ad valorem tax. Ad valorem means “according to value.”
Ad valorem tax is calculated using the following formula:
Here is an example calculation for a home with a fair market value of $200,000:
1. The fair market value is determined by the assessors. Hall County taxes at an assessment rate of 40% of its full fair market value.
$200,000 x 40% = $80,000 (assessed value)
2. Exemptions, such as a homestead exemption, reduce the taxable value of your property.
The standard homestead exemption is $2,000.
$80,000 – $2,000 = $78,000 (taxable value after exemptions)
3. The taxable value is then multiplied by the millage rate which is set by the board of commissioners.
1 mill = $1 tax per $1,000 taxable value.
The 2023 total millage rate for Unincorporated county is 24.670 which means property owners pay $24.670 per $1,000 of taxable value.
$78,000 x (24.670/1,000) = $1,924.26 tax due
$78,000 x 0.02467 = $1,924.26 tax due
Final tax due will be less the insurance premium and sales tax credits, which vary annually.
Street Light, Storm Water, and Solid Waste fees may be added to the final bill, when applicable.
Property Tax Estimator
For a quick calculation of your estimated property tax, use our Property Tax Estimator.
This estimate does not take into account any Homestead Exemptions, Specialized Assessments or Homeowner Tax Relief Grant Credits you may receive.