The levy imposed on actual property throughout the metropolis limits of Georgetown, Texas, is decided yearly and expressed as a share of the assessed property worth. This share, utilized to the assessed worth, generates the tax income that funds important municipal providers corresponding to public security, infrastructure upkeep, and neighborhood packages. For instance, a charge of 0.5% utilized to a property assessed at $200,000 would lead to a $1,000 annual tax invoice.
This municipal income stream performs a significant position in sustaining town’s operational price range and its skill to supply providers to residents. The particular share levied is topic to alter primarily based on budgetary wants and native financial situations. Historic developments within the charge can present useful insights into town’s monetary planning and priorities. Understanding how this charge is calculated and utilized is essential for property homeowners in Georgetown.