The levy imposed on actual property throughout the metropolis limits of Georgetown, Texas, is decided yearly and expressed as a proportion of the assessed property worth. This proportion, utilized to the assessed worth, generates the tax income that funds important municipal providers resembling public security, infrastructure upkeep, and group applications. 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 an important function in sustaining town’s operational funds and its potential to supply providers to residents. The particular proportion 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.