[Georgia Real Estate] 30, Georgia Property Taxes and Assessments

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • How Georgia defines ad valorem property taxes and the statutory assessment ratio. • How to calculate assessed value using Georgia's forty percent assessment multiplier. • How millage rates are expressed and applied to determine annual property tax bills. • Key exam traps involving full market value calculations versus assessed value calculations. • The distinction between January first statutory tax liens and contract tax prorations at closing. Prepare for your exam with our independent practice questions and resources at https://open-exam-prep.com/practice/ga-real-estate and https://www.youtube.com/@Open-exam-prep . Sources checked: September 14, 2026 https://dor.georgia.gov/property-tax-valuation https://rules.sos.ga.gov/gac/520-1