Chatsworth, Georgia Property Taxes
The median property tax rate in Chatsworth, GA is 0.70%, which is considerably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Chatsworth at $366,780, the typical annual property tax bill reaches $2,582, slightly below the national median of $2,690. Property taxes in Chatsworth 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 Chatsworth'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 Chatsworth 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
Chatsworth, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$2,567
$2,494
Ownwell’s Chatsworth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chatsworth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chatsworth 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 Chatsworth, Georgia
Property taxes in Chatsworth, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chatsworth is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Chatsworth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chatsworth 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 Chatsworth's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30705 has both the highest and lowest median property tax rate of 0.70%. Understanding how these areas compare with Chatsworth provides valuable insights into the varying tax landscape across Gilmer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chatsworth Tax Rate
0.70%
Average Gilmer County Tax Rate
0.70%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chatsworth, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30705 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Chatsworth, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Chatsworth, Georgia. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated 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 Chatsworth, 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. For instance, the median home price in Chatsworth is $366,780, with tax bills ranging from $2,281 at the 25th percentile to $3,327 at the 90th percentile. The zip code 30705 has the highest and lowest median tax bill at $2,582. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Chatsworth Assessed Value
$366,780
Average Gilmer County Assessed Value
$279,580
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chatsworth, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30705 | $318,180 | $324,010 | $366,780 | $444,500 | $472,640 |
Source: Ownwell
Property Tax Bills Across Chatsworth, Georgia
Property tax bills in Chatsworth, located in Gilmer County, GA, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The tax rate, or millage rate, is then applied to this assessed value to determine the tax bill. Several factors influence this calculation, including the property's location, size, and any applicable exemptions. For homeowners in Chatsworth, the median home price is $366,780. Property tax bills can vary significantly, with the 25th percentile at $2,281 and the 75th percentile at $3,129. At the higher end, the 90th percentile tax bill reaches $3,327. The highest and lowest median tax bills in the area are both $2,582, concentrated in the 30705 zip code. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, Chatsworth's property tax rates can be seen as relatively moderate, providing essential community benefits while maintaining affordability.
Average Chatsworth Tax Bill
$2,582
Average Gilmer County Tax Bill
$1,970
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Chatsworth, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30705 | $2,240 | $2,281 | $2,582 | $3,129 | $3,327 |
Source: Ownwell