Commerce, Georgia Property Taxes
The median property tax rate in Commerce, GA is 1.01%, 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 Commerce, the typical annual property tax bill reaches $1,039, which is below the national median of $2,690. Property taxes in Commerce are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Commerce'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 Commerce 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
Commerce, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,216
$1,181
Ownwell’s Commerce Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Commerce using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Commerce to provide an estimate of your property tax bill. This valuable tool aids in understanding potential tax liabilities. For those interested in more localized trends, additional neighborhood-level information is available below. Your property’s assessed value is determined by the county for property tax calculations, incorporating any applicable exemptions.
Property Tax Rates Across Commerce, Georgia
Property taxes in Commerce, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Commerce is 1.01%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Commerce set these rates annually, and they can vary significantly across different neighborhoods. Each year, Commerce 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 Commerce's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30530 zip code has the highest median property tax rate of 1.01%, while the 30530 zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Commerce provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Commerce Tax Rate
1.01%
Average Franklin County Tax Rate
1.03%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Commerce, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30530 | 0.52% | 0.80% | 1.01% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Commerce, Georgia
In Commerce, 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 Franklin 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 Commerce, 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 Commerce helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both amount to $1,039 in the 30530 zip code.
Average Commerce Assessed Value
$120,374
Average Franklin County Assessed Value
$136,560
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Commerce, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30530 | $25,977 | $47,377 | $120,374 | $224,415 | $338,477 |
Source: Ownwell
Property Tax Bills Across Commerce, Georgia
In Commerce, located in Franklin County, GA, property tax bills are calculated by assessing the value of a property and applying the local tax rate to this assessed value. The median home price in Commerce is $120,374. To determine the property tax bill, the assessed value is typically a percentage of the market value, and then the local tax rate is applied. For Commerce, the tax bills can vary significantly. For example, tax bills in the 25th percentile are around $399, while those in the 75th percentile reach $1,842. At the 90th percentile, homeowners might see tax bills as high as $2,925. These figures highlight the range of property taxes that homeowners can expect in Commerce. Given that the national median property tax rate is 0.99%, the property tax rates in Commerce can be considered relatively moderate, which can influence a homeowner's decision when considering the affordability of living in this region.
Average Commerce Tax Bill
$1,039
Average Franklin County Tax Bill
$1,238
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Commerce, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30530 | $193 | $399 | $1,039 | $1,842 | $2,925 |
Source: Ownwell