Course I Flashcards
1
Q
Level of Assessment in GA
A
40%
2
Q
Tangible property
A
Taxable
3
Q
Intangible property
A
Not taxable/things you cant touch
4
Q
If the total budget increases and the total assessed value remains constant, the tax rate will
A
increase
5
Q
How do you calculate the property tax rate
A
Divide the budget by the total assessed value
6
Q
How is the level of assessment derived?
A
divide the assessed value by the estimated market value.
7
Q
Dividing the individual tax levy on a property.by the tax rate will result in the deriving.
A
Assessed value of Property
