Ocilla, Georgia Property Taxes
The median property tax rate in Ocilla, GA is 1.26%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Ocilla, the typical annual property tax bill reaches $848, which is significantly lower than the national median of $2,690. Property taxes in Ocilla 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 Ocilla'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 Ocilla or another part of Irwin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ocilla, 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 Ocilla Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ocilla with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ocilla 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 Ocilla, Georgia
Property taxes in Ocilla, Georgia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Ocilla is 1.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ocilla set these rates annually, and they can vary across different neighborhoods. Each year, Ocilla 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 Ocilla's effective property tax rate to other areas in Georgia and the national median. For comparison, the zip code 31774 has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Ocilla provides valuable insights into the varying tax landscape across Irwin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ocilla Tax Rate
1.26%
Average Irwin County Tax Rate
1.23%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ocilla, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31774 | 0.90% | 1.15% | 1.26% | 1.86% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Ocilla, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ocilla, Georgia. 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 Irwin 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 Ocilla, 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 Ocilla helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Ocilla is $848 in the 31774 zip code, which also has the lowest median tax bill.
Average Ocilla Assessed Value
$58,498
Average Irwin County Assessed Value
$67,066
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ocilla, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31774 | $18,498 | $34,102 | $58,498 | $100,530 | $185,881 |
Source: Ownwell
Property Tax Bills Across Ocilla, Georgia
In Ocilla, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For homeowners in Irwin County, the median home price stands at $58,498. The property tax rate in this area is applied to the assessed value, resulting in the tax bill. Several factors influence the final tax bill, including property location, improvements, and local government budgets. Homeowners in Ocilla can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is around $482, while the 75th percentile tax bill reaches approximately $1,390. At the higher end, the 90th percentile tax bill can go up to $2,185. Comparatively, the median tax bill in the 31774 zip code is $848, which is below the national median property tax rate of 0.99%. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making them a crucial element of community funding.
Average Ocilla Tax Bill
$848
Average Irwin County Tax Bill
$893
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Ocilla, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31774 | $244 | $482 | $848 | $1,390 | $2,185 |
Source: Ownwell