Haddock, Georgia Property Taxes
The median property tax rate in Haddock, GA is 0.97%, slightly below the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Haddock, the typical annual property tax bill amounts to $975, which is significantly lower than the national median of $2,690. Property taxes in Haddock are determined based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Haddock's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Haddock or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Haddock, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$909
$883
Ownwell’s Haddock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haddock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haddock to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Haddock, Georgia
Property taxes in Haddock, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Haddock is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within Haddock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Haddock estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. For comparison, the 31033 zip code has the highest median property tax rate of 0.97%, which is the same as the lowest median tax rate of 0.97%. Understanding how these cities compare with Haddock provides valuable insights into the varying tax landscape across Baldwin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Haddock Tax Rate
0.97%
Average Baldwin County Tax Rate
0.97%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haddock, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31033 | 0.97% | 0.97% | 0.97% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Haddock, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Haddock, Georgia. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Baldwin County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Haddock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, zip code 31033 has both the highest and lowest median tax bill at $975, highlighting the importance of understanding these values.
Average Haddock Assessed Value
$93,740
Average Baldwin County Assessed Value
$117,815
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Haddock, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31033 | $18,630 | $56,750 | $93,740 | $174,890 | $234,110 |
Source: Ownwell
Property Tax Bills Across Haddock, Georgia
In Haddock, Georgia, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Haddock is $93,740. Local tax authorities determine the assessed value and apply the local tax rate to calculate the property tax bill. Homeowners in Haddock can expect to pay property taxes ranging from $548 at the 25th percentile to $1,718 at the 75th percentile, with the 90th percentile reaching up to $2,286. Several factors influence the final tax bill, including home value, local tax rates, and any applicable exemptions or deductions. For example, a homeowner in the zip code 31033, which has the highest and lowest median tax bill of $975, may see variations based on specific property characteristics and available tax relief programs. These property tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making it essential for residents to understand their property tax obligations.
Average Haddock Tax Bill
$975
Average Baldwin County Tax Bill
$1,278
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Haddock, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31033 | $239 | $548 | $975 | $1,718 | $2,286 |
Source: Ownwell