Tifton, Georgia Property Taxes
The median property tax rate in Tifton, GA is 1.23%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Tifton, the typical annual property tax bill reaches $651, which is significantly lower than the national median of $2,690. Property taxes in Tifton 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 Tifton'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 Tifton 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
Tifton, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$653
$634
Ownwell’s Tifton Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tifton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tifton 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 Tifton, Georgia
Property taxes in Tifton, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tifton is 1.23%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Tifton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tifton 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 Tifton's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31794 has both the highest and lowest median property tax rate of 1.23%. Understanding how these areas compare with Tifton provides valuable insights into the varying tax landscape across Berrien County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tifton Tax Rate
1.23%
Average Berrien County Tax Rate
1.23%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tifton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31794 | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Tifton, Georgia
In Tifton, 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 Berrien 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 Tifton, 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 Tifton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Tifton, the highest median tax bill is $651.00 in the 31794 zip code, while the lowest median tax bill is also $651.00 in the same zip code.
Average Tifton Assessed Value
$53,080
Average Berrien County Assessed Value
$68,674
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tifton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31794 | $17,930 | $26,646 | $53,080 | $119,867 | $203,744 |
Source: Ownwell
Property Tax Bills Across Tifton, Georgia
In Tifton, property tax bills are calculated based on the assessed value of your home, which is typically a percentage of its market value. The tax rate, often referred to as the millage rate, is then applied to this assessed value. Homeowners in Tifton, located in Berrien County, face varying property tax bills depending on their home's value. For instance, the median home price in Tifton is $53,080. At the 25th percentile, homeowners might expect a tax bill around $302, while those at the 75th percentile could see bills as high as $1,452. The 90th percentile tax bill can reach up to $2,729. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure. With the national median property tax rate at 0.99%, Tifton's property tax rates offer a comparative perspective for homeowners evaluating their financial commitments. Understanding these factors helps homeowners better prepare for their annual property tax obligations and manage their budgets effectively.
Average Tifton Tax Bill
$651
Average Berrien County Tax Bill
$920
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Tifton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31794 | $168 | $302 | $651 | $1,452 | $2,729 |
Source: Ownwell