Value of 1 Mill

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This indicator shows the revenue raised from each additional mill levied by a county. Each mill levied raises 1/1000 of a dollar for each dollar of assessed taxable property value in a county. Assessed taxable property is equal to 40 percent of the fair market value of property unless otherwise specified by law. Assessed value is net of property tax exemptions. Property value is assessed by the Board of Tax Assessors at the county-level in Georgia.

Source: Georgia Department of Revenue, Local Government Division, Digest Consolidated Summaries