Glossary of Terms

Common Tax Terms

Acres  
The total area of land contained in a parcel.
Back to Top

Ad Valorem Tax  
A tax that is imposed against real or personal property based on it's value.
Back to Top

Bill No. (Bill Number)  
A number used by the Athens-Clarke County tax commissioner's office to uniquely identify each parcel in the county for tax purposes.
Back to Top

Building Values 
The assessed value of buildings residing on the parcels being taxed.
Back to Top

County Exemption
The portion of the assessed value for county tax purposes that will be free of taxation.
Back to Top

Description 
The street address of the parcel.
Back to Top

District 
The tax jurisdiction where the parcel is located.
Back to Top

Due Date
The final date that tax payments can be made without incurring interest, penalties, or late fees.
Back to Top

Entity  
The taxing authority responsible for the levied taxes.
Back to Top

Fair Market Value

The amount a knowledgeable buyer would pay for the property and a willing seller would accept for the property at an arm's length, bona fide sale.
Back to Top

General Execution Docket 
The docket or publication where liens (tax FIFAs) are filed and removed from the clerk of superior court's records.
Back to Top

Gross Assessment 
The total value of a parcel of property for tax purposes as determined by the county Board of Assessors. In Georgia, property is assessed at 40% of the fair market value unless otherwise specified by law. Property is assessed at the county level.
Back to Top

Homestead Exemption  
The system developed by the state of Georgia that exempts from taxation a specified amount of assessed value of an owner-occupied home.
Back to Top

Interest  
An amount assessed as late fee payment of taxes. Interest will be accrued at the rate prescribed by law every month that a balance remains.
Back to Top 

Intestate  
One who dies and leaves no legal will defining their wishes for disposal of property.
Back to Top

Land Value 
The assessed value of the land that comprises the parcel being taxed.
Back to Top

Late Fee  

Any fees in addition to interest and penalty that a property owner incurs for late payment of taxes.
Back to Top 

Levy  
The process whereby the tax commissioner, empowered by writ or other judicial directive, actually seizes or otherwise brings into their control, a delinquent taxpayer's property to satisfy the judgment.
Back to Top 

Map Code
The coordinates used to locate the parcel being taxed on the official map used by the Board of Tax Assessors and the tax commissioner's office.
Back to Top 

Millage Rate (Tax Rate)  
A rate set annually by the Athens-Clarke County commissioners and the county Board of Education. A tax rate of one mill represents a tax liability of one dollar per $1,000 of its assessed value. Each governing authority estimates its total revenue from other sources. This figure is subtracted from its overall budgetary needs, then a millage rate is set that will generate the necessary revenues to fulfill budgetary requirements.  
Back to Top

Net County Assessment 
The value of a parcel for county tax purposes less the county exemption.
Back to Top 

Net School Assessment  
The value of a parcel for school tax purposes less the school exemption.
Back to Top

Penalty 
An amount assessed for late payment of taxes. A penalty of 5% will be added to any remaining balance every 120 days until reaching the max of 20%.
Back to Top

School Exemption 
The portion of the assessed value for school tax purposes that will be free of taxation.
Back to Top

Tax Digest 
The tax digest is a master list of all real and personal property holdings in the county. It identifies each parcel by location, name and address of the owner, classification of the property, and the current taxable value.
Back to Top

Tax FIFA 
A lien for unpaid tax that has been recorded with the clerk of superior court. The filing expands the lien from the specific property to all assets of the named owner.
Back to Top

Tax Lien 
A claim, encumbrance, or charge on a taxpayer's property for overdue taxes.
Back to Top

Writ
A written court order or judicial process directing that the tax commissioner do what is commanded by the order; or giving authority and commission to have it done.
Back to Top

Was this page helpful for you? Yes No