100% Equalized Digest
The equalized adjusted property tax digest is established for each county in the state and for the state as a whole by conducting ratio studies within each county. These digests exclude all real and personal property exempted from taxation. Beginning with the 2008 equalized digest, the difference between the value of all taxable property within any tax allocation district (TAD) and the tax allocation district increment base will be excluded. The primary purpose for determining equalized adjusted property tax digests is to provide the State Board of Education and the Office of Planning and Budget with the data necessary for Quality Basic Education (QBE) calculations of the local 5 mill share and equalized grants for counties with low property tax bases. In addition to digest equalization, the ratio studies provide evidence of appraisal deficiencies (if any). The State Revenue Commissioner will utilize ratio study results to assist in the decision making process regarding tax digest approval, billing authorization, and penalty assessments. Local Tax Assessors, Boards of Education, and Boards of Commissioners will utilize ratio study results in an effort to keep abreast of the level and uniformity of assessments within their county.
Ratio studies are the analytical tool used during the preparation of the equalized adjusted property tax digests. The International Association of Assessing Officers Standards on Ratio Studies will be used for guidance in designing and implementing these studies.
Reports are issued annually to all school systems, tax commissioners, tax assessors' offices, governing authorities of each county and municipality having an independent school system, the State Department of Education, the Department of Planning and Budget, and the Department of Revenue. By law, the report must be issued no later than November 15th of each year. In addition, this report, upon request, is distributed to taxpayers and various government entities, such as the University of Georgia, the Internal Revenue Service, and the Department of Community Affairs.