A monthly house payment is made up of several items, but most
of it is principal and interest. The other major
part is property tax. To estimate your monthly real estate tax payment,
multiply the total appraised value of your
home by 40 %. (100% in Gainesville only)
Deduct from this amount your homestead exemption, using the
following figures:
$2,000 Cherokee, Fayette, Hall and Paulding
$4,000 Henry And Newton
$5,000 Forsyth
$6,000 Douglas
$10,000 Clayton, Cobb and Dekalb
$13,000 Rockdale
$15,000 Fulton
Gwinnett, call the tax commissioner
Divide the balance 1,000. Multiply this amount by the millage
rate listed below. This final figure is your estimated annual tax.
Divide this amount by 12 to calculate your estimated monthly property
tax.