Georgia Public records
The Peach state
Georgia official website
How is a Tax/Parcel/Reprop Number determined?
A tax/parcel number is typically determined through a property assessment.
Is a parcel number the same as a tax ID number in Georgia?
Parcel Number – The Parcel Number or Local Number is the same as the Tax ID Number assigned by the Assessor’s Office. It is shown on your tax bill and used by the Treasurer’s Office in identifying your tax payment for that particular parcel.
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How many digits is a parcel number in Georgia?
An assessor’s parcel number is a series of fourteen numbers/digits that are used as a file number to inventory or identify the property.
- The first three numbers of the series are used to identify the map book the real property is located in.
- The next three digits represent the page number within the map book.
Property Assessments
Property assessment is the process of establishing the dollar value of a property for property tax purposes. Why is this important? Because the amount of property tax in Georgia should form a proportional relationship to the value of the property owned. Governed by Georgia Law, this is known as the “ad valorem” tax. To determine the tax value, your property’s taxable value is multiplied by a rate set by the taxing authorities. Conversely, non-ad Valorem tax is a fee not based on property value; rather it’s used to assess roads, fire, garbage, lighting, drainage, and other public services depending on the county, city, or special district.
There are three methods to assess a property.
1) The Replacement Method
This is used in the assessment of buildings or other structures. This is where assessors estimate how much it would cost, with current rates of material and labor in mind, to replace a given structure. Reasonable depreciation of the property is deducted while the value of the land the structure sits on is added.
2) The Sales Comparison Method
This method uses the sales figures of similar properties in the immediate area to develop an analysis. The value is then adjusted against the average depending on the property’s unique attributes or lack thereof. For example, if a house has a basketball court while other nearby sold properties do not, the assessed value will rise. Conversely, if a house doesn’t have a basketball court and other sold properties in the area do, the assessed value would decrease.
3) The Income Method
Business property is typically assessed using this method, most notably investment properties leased to tenants such as apartment complexes, malls, and office buildings. The property’s value is determined by measuring the property’s annual income after expenses and comparing that to the rates of return for comparable investments.
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