Quitman, Georgia Property Taxes
The median property tax rate in Quitman, GA, is 1.05%, slightly higher than the national median of 0.99% but lower than the Georgia state median of 1.08%. With the median home value in Quitman at $95,450, the typical annual property tax bill amounts to $982, which is significantly below the national median of $2,690. Property taxes in Quitman are based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Quitman'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 Quitman or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Quitman, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$1,002
$973
Ownwell’s Quitman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quitman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quitman 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 Quitman, Georgia
Property taxes in Quitman, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quitman is 1.05%, which is higher than the U.S. national median of 0.99%. Local government entities within Quitman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quitman 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 Quitman's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31643 zip code has the highest median property tax rate of 1.05%, while the same zip code also has the lowest median tax rate of 1.05%. Understanding how these cities compare with Quitman provides valuable insights into the varying tax landscape across Brooks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Quitman Tax Rate
1.05%
Average Brooks County Tax Rate
1.04%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quitman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31643 | 0.90% | 1.00% | 1.05% | 1.09% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Quitman, Georgia
In Quitman, 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 Brooks 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 Quitman, 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 Quitman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Quitman is $982 in the 31643 zip code, while the lowest is also $982 in the same zip code.
Average Quitman Assessed Value
$95,450
Average Brooks County Assessed Value
$119,130
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Quitman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31643 | $26,200 | $48,486 | $95,450 | $202,130 | $334,074 |
Source: Ownwell
Property Tax Bills Across Quitman, Georgia
In Quitman, Brooks County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The tax rate, known as the millage rate, is then applied to the assessed value to determine the annual tax bill. Factors such as local government budgets, school funding needs, and public services contribute to the millage rate. For homeowners in Quitman, the median home price is $95,450. Property tax bills can vary significantly, with the 25th percentile at $512 and the 75th percentile at $2,041. At the 90th percentile, the tax bill reaches $3,447. The uniformity in median tax bills across the zip code 31643, both highest and lowest at $982, highlights a level of consistency in the area. Compared to the national median property tax rate of 0.99%, Quitman's property tax landscape offers a range of financial impacts on homeowners, depending on their property's assessed value and the applicable millage rate.
Average Quitman Tax Bill
$982
Average Brooks County Tax Bill
$1,212
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Quitman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31643 | $281 | $512 | $982 | $2,041 | $3,447 |
Source: Ownwell