Fitzgerald, Georgia Property Taxes
The median property tax rate in Fitzgerald, GA is 1.38%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Fitzgerald at $65,502, the typical annual property tax bill reaches $1,147, which is below the national median of $2,690. Property taxes in Fitzgerald are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fitzgerald's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Fitzgerald or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fitzgerald, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$904
$878
Ownwell’s Fitzgerald Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fitzgerald with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fitzgerald 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 Fitzgerald, Georgia
Property taxes in Fitzgerald, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fitzgerald is 1.38%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Fitzgerald set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fitzgerald 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. The data below compares Fitzgerald's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31750 has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Fitzgerald provides valuable insights into the varying tax landscape across Ben Hill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fitzgerald Tax Rate
1.38%
Average Ben Hill County Tax Rate
1.37%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fitzgerald, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31750 | 1.17% | 1.20% | 1.38% | 1.61% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Fitzgerald, Georgia
In Fitzgerald, Georgia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Ben Hill 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. In Fitzgerald, 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 Fitzgerald helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Fitzgerald both stand at $1,147, specifically in the 31750 zip code.
Average Fitzgerald Assessed Value
$65,502
Average Ben Hill County Assessed Value
$65,213
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fitzgerald, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31750 | $9,021 | $23,440 | $65,502 | $116,828 | $198,168 |
Source: Ownwell
Property Tax Bills Across Fitzgerald, Georgia
In Fitzgerald, located in Ben Hill County, GA, 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 Fitzgerald is $65,502. Property taxes are determined by multiplying the assessed value by the local tax rate. For example, in Fitzgerald, the median property tax bill is $1,147, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. Homeowners in Fitzgerald can expect their tax bills to vary widely, with the 25th percentile tax bill at $579 and the 75th percentile at $1,826. For those at the 90th percentile, the tax bill can reach up to $2,792. These taxes fund essential local services, such as schools, infrastructure, and public safety, impacting the overall quality of life for residents.
Average Fitzgerald Tax Bill
$1,147
Average Ben Hill County Tax Bill
$1,143
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Fitzgerald, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31750 | $304 | $579 | $1,147 | $1,826 | $2,792 |
Source: Ownwell