I don't take credit (or responsibility for this) but I found this article explaining how to "read" tire sizes:
"Let's use 285/70R17 as an example.
285 is the section width. It's the width of the tire in millimeters.
70 is the aspect ratio. It indicates the height of the sidewall in relation to the section width. An aspect ratio of 70 means that the sidewall's height is 70% of the section width.
17 is the rim diameter in inches. The R simply means that the tire is a radial tire, which is what you want.
So, to find the overall diameter of a tire we have to do a little converting.
Overall Diameter = [(Section Width/25.4) x .Aspect Ratio x 2] + Rim Diameter
First, you convert the section width to inches by dividing by 25.4, because there are exactly 25.4 millimeters in 1 inch.
285 / 25.4 = 11.22 in.
So, the tire is 11.22 inches wide. Now we multiply by the aspect ratio to find how tall the sidewalls are.
11.22 x .70 = 7.85 in.
Since we have two sidewalls, we have to multiply by 2.
7.85 x 2 = 15.7 in.
Then add the diameter of the rim.
15.7 + 17 = 32.7 in.
So the overall diameter of a
285/70R17 tire is approximately 32.7 inches (without the weight of the vehicle sitting on it)."