Oakman, Georgia Property Taxes
The median property tax rate in Oakman, GA is 1.15%, higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $41,552 in Oakman, the typical annual property tax bill amounts to $461, which is significantly lower than the national median of $2,690. Property taxes in Oakman are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Oakman'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 Oakman or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oakman, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$478
$464
Ownwell’s Oakman Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Oakman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oakman to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Oakman, Georgia
Property taxes in Oakman, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oakman is 1.15%, higher than both the Georgia state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Oakman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oakman 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 Oakman's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30732 zip code has the highest median property tax rate of 1.15%, while the 30732 zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Oakman provides valuable insights into the varying tax landscape across Gordon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oakman Tax Rate
1.15%
Average Gordon County Tax Rate
1.15%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oakman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30732 | 1.14% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Oakman, Georgia
In Oakman, 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 Gordon 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 Oakman, 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 Oakman is $41,552, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $304, while the 75th percentile tax bill is $684, and the 90th percentile tax bill is $1122. Notably, the zip code 30732 has the highest and lowest median tax bill of $461. 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 the tax burden.
Average Oakman Assessed Value
$41,552
Average Gordon County Assessed Value
$149,900
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oakman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30732 | $19,456 | $26,526 | $41,552 | $59,698 | $97,919 |
Source: Ownwell
Property Tax Bills Across Oakman, Georgia
In Oakman, located in Gordon County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Oakman can expect their property tax bills to vary significantly depending on the assessed value of their property. For instance, the 25th percentile tax bill is around $304, while the 75th percentile tax bill reaches approximately $684. For those at the higher end, the 90th percentile tax bill can go up to $1,122. These tax bills are influenced by several factors, including the local tax rate and the assessed value of the property. The median home price in Oakman is $41,552, which is relatively low compared to national standards. This lower home value directly impacts the overall tax bill, making it more affordable for homeowners. However, even within Oakman, there can be significant variations in tax bills, highlighting the importance of accurate property assessments and the impact they have on local homeowners.
Average Oakman Tax Bill
$461
Average Gordon County Tax Bill
$1,672
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Oakman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30732 | $223 | $304 | $461 | $684 | $1,122 |
Source: Ownwell