Step-by-Step Calculation using Millage Rate:

Fair market home/property value of $300,000
Millage Rate of 15.075 (Bryan County Schools 2024 Millage Rate)

1. Determine the Taxable Assessed Value:

   • In Bryan County, property taxes are based on 40% of the fair market value of the property

   • Assessed value = 40% of $300,000 = $300,000 × 0.40 = $120,000

2. Apply the millage rate to the assessed value to determine cost of property taxes:

   • A mill is a number that equals $1 of tax for every $1,000 of the assessed value of your property.

   • $120,000 ÷ 1,000 = $120 (because 1 mill is per thousand dollars).

   • Multiply the mill value by the millage rate:

   • $120 × 15.075 (millage rate) = $1,809

Final Answer:
The annual property taxes owed for school taxes would be $1,809 ($150.75 per month).

*This calculation includes no homestead exemptions.