Property Ownership
In Georgia, the county official responsible for maintaining the real property deed records is the:
ACounty Tax Commissioner
BClerk of the Superior Court✓ Correct
CCounty Assessor
DProbate Court Judge
Explanation
In Georgia, deeds and other real property documents are recorded with and maintained by the Clerk of the Superior Court in the county where the property is located.
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Key Terms to Know
Capitalization Rate (Cap Rate)
A rate used to estimate the value of income-producing property, calculated as Net Operating Income divided by property value.
Net Operating Income (NOI)The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
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