Pearson, Georgia Property Taxes
The median property tax rate in Pearson, GA is 0.73%, significantly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Pearson, the typical annual property tax bill reaches $338, well below the national median of $2,690. Property taxes in Pearson 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 Pearson'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 Pearson 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
Pearson, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$553
$538
Ownwell’s Pearson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pearson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pearson 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 Pearson, Georgia
Property taxes in Pearson, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pearson is 0.73%, which is lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Pearson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pearson 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 Pearson's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31642 zip code has both the highest and lowest median property tax rate of 0.73%. Understanding how these cities compare with Pearson provides valuable insights into the varying tax landscape across Coffee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pearson Tax Rate
0.73%
Average Coffee County Tax Rate
0.89%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pearson, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31642 | 0.33% | 0.38% | 0.73% | 0.97% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Pearson, Georgia
In Pearson, 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 Coffee 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 Pearson, 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 Pearson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 31642 has the highest median tax bill at $338.
Average Pearson Assessed Value
$75,818
Average Coffee County Assessed Value
$48,124
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pearson, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31642 | $10,025 | $14,348 | $75,818 | $201,317 | $374,570 |
Source: Ownwell
Property Tax Bills Across Pearson, Georgia
In Pearson, located in Coffee County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $75,818, homeowners can expect varying tax obligations. The 25th percentile tax bill is around $153, while the 75th percentile reaches up to $1,200, and the 90th percentile can be as high as $1,429. Factors influencing these tax bills include the specific assessed value of the property, any applicable exemptions, and the local tax rate. Compared to the national median property tax rate of 0.99%, Pearson's rates can significantly affect homeowners, especially those in higher tax brackets. Understanding these factors is crucial for homeowners to budget effectively and anticipate their annual financial obligations.
Average Pearson Tax Bill
$338
Average Coffee County Tax Bill
$367
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Pearson, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31642 | $87 | $153 | $338 | $1,200 | $1,429 |
Source: Ownwell