Valdosta, Georgia Property Taxes
The median property tax rate in Valdosta, GA is 1.39%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Valdosta, the typical annual property tax bill reaches $14,570, significantly exceeding the national median of $2,690. Property taxes in Valdosta 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 Valdosta'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 Valdosta 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
Valdosta, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$14,622
$14,202
Ownwell’s Valdosta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valdosta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valdosta 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 Valdosta, Georgia
Property taxes in Valdosta, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Valdosta is 1.39%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Valdosta set these rates annually, and they can vary across different neighborhoods. Each year, Valdosta 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 Valdosta's effective property tax rate to other counties in Georgia and the national median. For comparison, the ZIP code 31606 has the highest median property tax rate of 1.39%, which is the same as the lowest median tax rate in the same ZIP code. Understanding how these areas compare with Valdosta provides valuable insights into the varying tax landscape across Echols County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Valdosta Tax Rate
1.39%
Average Echols County Tax Rate
1.39%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valdosta, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31606 | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Valdosta, Georgia
In Valdosta, 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 local 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 Valdosta, 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 Valdosta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 31606 has the highest and lowest median tax bill at $14,570, which is significantly higher than the national median property tax rate of 0.99%.
Average Valdosta Assessed Value
$1,051,960
Average Echols County Assessed Value
$40,335
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Valdosta, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31606 | $1,051,960 | $1,051,960 | $1,051,960 | $1,051,960 | $1,051,960 |
Source: Ownwell
Property Tax Bills Across Valdosta, Georgia
In Valdosta, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor's office. The assessed value is a percentage of the market value of the home. For example, if a home in Valdosta is valued at $1,051,960, the assessed value will be a fraction of this amount. The tax rate, known as the millage rate, is then applied to the assessed value to determine the annual tax bill. Several factors influence the assessed value, including the size of the property, its location, and any improvements or renovations made. Homeowners in Valdosta can expect a median property tax bill of $14,570, which is significantly higher than the national median property tax rate of 0.99%. This higher tax bill can impact homeowners by increasing their annual financial obligations, potentially affecting their budget and long-term financial planning. Understanding how these elements interact is crucial for homeowners to anticipate and manage their property tax expenses effectively.
Average Valdosta Tax Bill
$14,570
Average Echols County Tax Bill
$559
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Valdosta, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31606 | $14,570 | $14,570 | $14,570 | $14,570 | $14,570 |
Source: Ownwell