770.475.1130  x 5881 
 

 

 

  
Pete Clay,REALTOR®  
Associate Broker, ARC
678.492.3559 direct
PeteClay@aol.com
Golf Homes of Georgia  
Atlanta Metro North & Lake Lanier Area Information

Good news! Real estate taxes for homes are relatively low in Georgia, compared with many other areas. To estimate your real estate tax on a residential property, all Georgia uses the same basic formula; calculate 40% of the  "fair market value" (usually lower than actual sale prices) and multiply that result by the millage rate in the particular county. Be sure to use the rate including fire, any incorporated city taxes, school tax rate, etc. These rates are available on-line at  for every county in Georgia:

Click Here for Georgia Official Property Tax Information

Click Here for 2007 Property Tax Rates by County
In Georgia property is required to be assessed at 40% of the fair market value unless otherwise specified by law.
Property is assessed at the county level by the Board of Tax Assessors.  The State Revenue Commissioner is responsible for examining the digests of counties in Georgia in order to determine that property is assessed uniformly and equally between and within the counties.  (O.C.G.A. 48-5-340)

Example: The assessed value--40 percent of the fair market value--of a house that is worth $100,000 is $40,000. In a county where the millage rate is 25 mills, the property tax on that house would be $1,000; $25 for every $1,000 of assessed value or $25 multiplied by 40 is $1,000.

  • Lake Lanier Information

    Latest Lake Level at Buford Dam: 1055.94 (7/10/2008) 
    Going up again. Lots of beautiful rain this past week!
    However, Corps lets out much more than we keep, much more is needed.
    Level on January 1, 2008: 1051.31
    Up something over 4 feet now from January
    This is the time to look at lakefront property. If the water is truly  "deep" at the dock, it'll be apparent. The lake is down 15+ feet, mortgage rates are excellent again, and
    prices are adjusted to the present market, in all, a perfect time to BUY!
    Contact me anytime,  and we'll set aside the time to go out looking!
    Level is elevation above sea level of lake water surface;
    sea level is as measured at New York City. "Full Pool" elevation is 1071.0'
    (use your "back" button to return to this page after opening photos)

    Marinas

    Accommodations

    Restaurants

    • 37 Main - 37 E. Main Street, Buford - 770 614-7197
    • Aqua Terra Restaurant - 55 E. Main Street, Buford - 770 271-3000 
    • Longstreet Cafe - 1043 Riverside Terrace, Gainesville  -  770 287-0820
    • Loretta's Country Cooking - 4305 Mundy Mill, Oakwood  -  770 532-0370
    • Monkey Barrel - 115 Washington Street, Gainesville  - 770 287-0970
    • The Ridge-At exit 15, GA 400, Bald Ridge Marina Rd & Turner Rd, Cumming
    • Third Coast Grille - 5713 Holiday Road, Buford - 770 614-9508
      Two Dog Cafe - 109 Bradford Street, Gainesville  -  770 287-8384
    • Up the Creek Cafe -   6334 Mitchell Street, Flowery Branch  -  770 967-866
    • Up The Creek Fish Camp & Grill, Marketplace Blvd., Cumming-(Excellent food, no website!)
 
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The above information is deemed to be accurate, but not warranted. It is subject to errors, prior sale, or withdrawal without further notice. Listing broker represents the Seller in an Exclusive Right to Sell.

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