Tax Calculation

Mathematics of Property Tax


To determine the amount of your property taxes, several values are needed. These values are the Fair Market Value (FMV), Assessed Value (ASV), and the Millage Rate. The Millage rate is determined by the proposed budget divided by the tax digest. The Millage Rate is defined as dollars per $1,000.00 of assessed value. The 2014 Millage Rate for Bulloch County has been set at $20.838 per $1000.00 or the decimal equivalent of .020838 for both the incorporated and unincorporated districts.


Fair Market Value (F.M.V.) X 40%=Assessed Value

Assessed Value X Millage Rate = Tax

Tax digest = Total of all Assessments

Millage Rate = Proposed Budget Tax digest

Millage is usually expressed as dollars per $1,000.00 of Assessed Value


Example: In 2014, the County millage rate was set at .020838. If your property has a FMV of $100,000, the ASV would be 40% or $40,000. Multiply the ASV of $40,000 by the millage rate of .020838 to get a close estimate of your property taxes. In this example, property taxes would be approximately $833.52.


NOTE: Statesboro, Brooklet and Portal bill and collect taxes for real and personal property separately. If you live inside the city limits of Statesboro, Brooklet or Portal, you will receive a bill from the county and city each year.


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