Funston, Georgia Property Taxes
The median property tax rate in Funston, GA is 0.88%, which is lower than both the national median of 0.99% and Georgia's state median of 1.08%. With the median home value in Funston at $46,759, the typical annual property tax bill is $418, significantly below the national median of $2,690. Property taxes in Funston are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Funston'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 Funston or another part of Colquitt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Funston, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$411
$400
Ownwell’s Funston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Funston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Funston 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 Funston, Georgia
Property taxes in Funston, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Funston is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Funston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Funston 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 Funston's effective property tax rate to other areas in Georgia and the national median. For comparison, the 31753 zip code within Funston has the highest median property tax rate of 0.88%, while the same zip code also represents the lowest median tax rate of 0.88%. Understanding how these figures compare with Funston provides valuable insights into the varying tax landscape across Colquitt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Funston Tax Rate
0.88%
Average Colquitt County Tax Rate
0.91%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Funston, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31753 | 0.78% | 0.85% | 0.88% | 0.99% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Funston, Georgia
In Funston, 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 Colquitt 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 Funston, 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 Funston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Funston is 31753, with a median tax bill of $418.
Average Funston Assessed Value
$46,759
Average Colquitt County Assessed Value
$87,526
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Funston, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31753 | $6,548 | $28,428 | $46,759 | $106,785 | $150,631 |
Source: Ownwell
Property Tax Bills Across Funston, Georgia
Property tax bills in Funston, located in Colquitt County, GA, are determined based on the assessed value of a property, which is typically a percentage of the market value. The median home price in Funston is $46,759. To calculate the property tax bill, the assessed value is multiplied by the local tax rate. In Funston, the median property tax bill is $418, with the 25th percentile tax bill at $237 and the 75th percentile at $887. For higher-valued properties, the tax bill can reach up to $1,443 at the 90th percentile. Factors influencing the tax bill include property size, location, and any applicable exemptions. Homeowners in Funston may find their tax bills relatively manageable compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly. The property tax system ensures that every homeowner contributes their fair share to community services and infrastructure.
Average Funston Tax Bill
$418
Average Colquitt County Tax Bill
$845
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Funston, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31753 | $68 | $237 | $418 | $887 | $1,443 |
Source: Ownwell