Industry Info
Assessment Ratios (In the southeast)
Assessment Ratio is a percent factor that is applied to the Appraised Value to determine the Assessment
or Assessed Value.

State                                                Ratio

TN       Commercial RE               40%                         SC        Commercial RE                6%
             Residential RE                25%                                       Residential RE                 4%
             Personal Property           30%                                       Personal Property       10.5%
AL        Commercial RE               20%                         GA        All                                       40%
             Residential RE                10%                          FL        All                                     100%      
             Personal Property           20%                          NC       All                                     100%
                                                                                           KY        All                                     100%
Terminology: Words or phrases that often mean the same

Appraised value
Fair Market value
100% Value

Assessed Value
Assessment

County Assessor
County Appraiser
Tax Assessor
Revenue Commission
Tax Rate
Mill Rate
Millage Rate

County Tax Collector
County Trustee
County Treasure
Tax Department
Revaluation Notice
Notice Of Change In Value
Appraisal Notice
Assessment Notice
Reassessment Notice

Tax Bill
Tax Notice
Tax Statement