What taxes apply when I buy investment property in Cumming?

Buying investment property in Cumming brings the standard Georgia transfer tax, $1 for the first $1,000 of consideration plus 10 cents for each additional $100, and if the purchase is financed, an intangible recording tax of $1.50 for each $500 of the note's face amount. Property tax afterward runs off an assessed value of 40 percent of fair market value, with Forsyth County and the city of Cumming setting the actual rate each year. Joel Boss can point buyers to the county tax commissioner for the current figure.