Eastman, Georgia Property Taxes
The median property tax rate in Eastman, GA is 1.03%, 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 Eastman at $81,231, the typical annual property tax bill amounts to $947, which is significantly below the national median of $2,690. Property taxes in Eastman are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Eastman'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 Eastman or another part of Dodge County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eastman, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Eastman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eastman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eastman 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 Eastman, Georgia
Property taxes in Eastman, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eastman is 1.03%, higher than the U.S. national median of 0.99%. Local government entities within Eastman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eastman 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 Eastman's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31023 has the highest median property tax rate of 1.03%, while the same zip code also has the lowest median tax rate of 1.03%. Understanding how these areas compare with Eastman provides valuable insights into the varying tax landscape across Dodge County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eastman Tax Rate
1.03%
Average Dodge County Tax Rate
1.03%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eastman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31023 | 1.03% | 1.03% | 1.03% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Eastman, Georgia
In Eastman, 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 Dodge 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 Eastman, 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 Eastman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Eastman is $81,231, with annual tax bills ranging from $462 at the 25th percentile to $2,764 at the 90th percentile.
Average Eastman Assessed Value
$81,231
Average Dodge County Assessed Value
$79,344
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eastman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31023 | $20,023 | $40,341 | $81,231 | $153,518 | $252,739 |
Source: Ownwell
Property Tax Bills Across Eastman, Georgia
In Eastman, located in Dodge 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 median home price in Eastman is $81,231. Homeowners in this area can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $462 and the 75th percentile reaching $1,718. For those at the higher end, the 90th percentile tax bill can be as much as $2,764. The property tax rate in Eastman is influenced by various factors such as the local government's budget needs, school funding, and public services. With a median tax bill of $947 in the zip code 31023, Eastman's property tax rate is relatively moderate compared to the national median property tax rate of 0.99%. These taxes play a crucial role in funding essential community services, but they also impact homeowners' annual financial planning and property affordability.
Average Eastman Tax Bill
$947
Average Dodge County Tax Bill
$894
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Eastman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31023 | $218 | $462 | $947 | $1,718 | $2,764 |
Source: Ownwell