The levy imposed on actual property inside the metropolis limits of Georgetown, Texas, is set 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 equivalent to public security, infrastructure upkeep, and group applications. For instance, a price 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 an important function in sustaining the town’s operational finances and its means to offer providers to residents. The precise share levied is topic to alter primarily based on budgetary wants and native financial situations. Historic tendencies within the price can present priceless insights into the town’s monetary planning and priorities. Understanding how this price is calculated and utilized is essential for property house owners in Georgetown.