The levy imposed on actual property inside the metropolis limits of Georgetown, Texas, is set 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 companies comparable to public security, infrastructure upkeep, and neighborhood packages. For instance, a fee of 0.5% utilized to a property assessed at $200,000 would end in a $1,000 annual tax invoice.
This municipal income stream performs a significant position in sustaining the town’s operational finances and its skill to offer companies to residents. The precise proportion levied is topic to vary primarily based on budgetary wants and native financial circumstances. Historic traits within the fee can present worthwhile insights into the town’s monetary planning and priorities. Understanding how this fee is calculated and utilized is essential for property homeowners in Georgetown.