The levy imposed on actual property inside 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 similar to 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 position in sustaining town’s operational price range and its capability to offer providers to residents. The particular proportion levied is topic to vary based mostly on budgetary wants and native financial circumstances. Historic traits within the charge can present beneficial insights into town’s monetary planning and priorities. Understanding how this charge is calculated and utilized is essential for property house owners in Georgetown.