Sea Island, Georgia Property Taxes
The median property tax rate in Sea Island, GA is 1.01%, slightly higher than the national median of 0.99% but lower than the Georgia state median of 1.08%. With a median home value in Sea Island of $2,711,900, the typical annual property tax bill reaches $26,167, significantly exceeding the national median of $2,690. Property taxes in Sea Island 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 Sea Island'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 Sea Island 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
Sea Island, 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 SEA ISLAND Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SEA ISLAND with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SEA ISLAND 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 Sea Island, Georgia
Property taxes in Sea Island, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sea Island is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Sea Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sea Island 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 Sea Island's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31561 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these areas compare with Sea Island provides valuable insights into the varying tax landscape across Glynn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sea Island Tax Rate
1.01%
Average Glynn County Tax Rate
0.84%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sea Island, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31561 | 0.89% | 1.01% | 1.01% | 1.01% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Sea Island, Georgia
In Sea Island, 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 Glynn 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 Sea Island, 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. The median home price in Sea Island stands at $2,711,900, with property tax bills varying significantly. For instance, the 25th percentile tax bill is $18,948, while the 75th percentile tax bill is $37,848, and the 90th percentile tax bill reaches $56,471. 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 Sea Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sea Island Assessed Value
$2,711,900
Average Glynn County Assessed Value
$258,400
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sea Island, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31561 | $1,326,600 | $1,955,900 | $2,711,900 | $3,855,000 | $5,844,940 |
Source: Ownwell
Property Tax Bills Across Sea Island, Georgia
In Sea Island, property tax bills are calculated based on the assessed value of a property, which is determined by the Glynn County tax assessor. This assessed value is typically a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For example, the median home price in Sea Island is $2,711,900, leading to substantial tax bills. The 25th percentile tax bill is around $18,948, while the 75th percentile reaches $37,848, and the 90th percentile can go up to $56,471. These high property tax bills can significantly impact homeowners, making it essential to understand and potentially appeal the assessed value to ensure it accurately reflects the property's market value. Compared to the national median property tax rate of 0.99%, Sea Island's property tax rates can result in considerably higher annual payments for homeowners.
Average Sea Island Tax Bill
$26,167
Average Glynn County Tax Bill
$2,196
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Sea Island, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31561 | $12,487 | $18,948 | $26,167 | $37,848 | $56,471 |
Source: Ownwell