Under the terms and conditions of the standard residential lease, annual rent is calculated at fourtenths of one percent (0.4%) of the fair market value of the leased land as determined by the Glynn County Tax Assessor, subject to any discounts provided for in the residential lease.
For example, if the land you lease has a fair market value of $215,000, then your annual rent would be $215,000 x 0.004 = $860.00 before any discounts or adjustments.