How the exam uses assessment ratio
Applying millage to the full market value. Skip the ratio and every figure after it is wrong, including the answer that appears in the options.
This is one of the terms Georgia handles differently from most states. If you prepared with a national question bank, check what it taught you here, because that is exactly where the state supplement takes marks back. The full list of Georgia differences.
What a question on this looks like
Georgia secures real estate loans using a:
Answer: Security deed Georgia is a title theory state and uses a security deed, sometimes called a deed to secure debt. Legal title passes to the lender until the debt is repaid.
Drill this in context at practice by topic, or browse the full glossary.