Knoxville, Georgia Property Taxes
The median property tax rate in Knoxville, GA is 1.20%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Knoxville, the typical annual property tax bill reaches $1,014, exceeding the national median of $2,690. Property taxes in Knoxville 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 Knoxville'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 Knoxville 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
Knoxville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,014
$984
Ownwell’s Knoxville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Knoxville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Knoxville 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 Knoxville, Georgia
Property taxes in Knoxville, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Knoxville is 1.20%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Knoxville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Knoxville 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 Knoxville's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31050 zip code has the highest median property tax rate of 1.20%, while the 31050 zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Knoxville provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Knoxville Tax Rate
1.20%
Average Crawford County Tax Rate
1.20%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Knoxville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31050 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Knoxville, Georgia
In Knoxville, 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 Crawford 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 Knoxville, 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. For instance, the zip code 31050 has the highest and lowest median tax bill at $1,014. Being aware of these valuation processes in Knoxville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Knoxville Assessed Value
$84,460
Average Crawford County Assessed Value
$75,482
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Knoxville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31050 | $29,622 | $44,360 | $84,460 | $173,674 | $258,860 |
Source: Ownwell
Property Tax Bills Across Knoxville, Georgia
In Knoxville, 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 Knoxville is $84,460, and property taxes are determined by multiplying the assessed value by the local tax rate. The assessed value typically reflects a portion of the market value, ensuring that homeowners pay a fair share relative to their property's worth. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For instance, the 25th percentile of tax bills is approximately $533, while the 75th percentile reaches $2,086, indicating a broad range based on property characteristics and exemptions. The highest median tax bill in the area is $1,014, found in zip code 31050. Homeowners in Knoxville experience varying tax impacts, with some paying as low as $533 and others as high as $3,109 at the 90th percentile. This variability underscores the importance of understanding local tax assessments and potential exemptions to manage property tax liabilities effectively.
Average Knoxville Tax Bill
$1,014
Average Crawford County Tax Bill
$910
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Knoxville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31050 | $351 | $533 | $1,014 | $2,086 | $3,109 |
Source: Ownwell