Hoschton, Georgia Property Taxes
The median property tax rate in Hoschton, GA is 1.23%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Hoschton at $298,550, the typical annual property tax bill reaches $3,710, exceeding the national median of $2,690. Property taxes in Hoschton 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 Hoschton'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 Hoschton 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
Hoschton, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$3,672
$3,567
Ownwell’s Hoschton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hoschton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hoschton 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 Hoschton, Georgia
Property taxes in Hoschton, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hoschton is 0.83%, which is lower than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Hoschton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hoschton 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 Hoschton's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30548 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Hoschton provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hoschton Tax Rate
1.23%
Average Jackson County Tax Rate
1.25%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hoschton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30548 | 0.87% | 1.10% | 1.23% | 1.43% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Hoschton, Georgia
In Hoschton, 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 Jackson 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 Hoschton, 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. For instance, the highest median tax bill in Hoschton is $3,710 in the 30548 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hoschton Assessed Value
$298,550
Average Jackson County Assessed Value
$219,900
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hoschton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30548 | $138,880 | $218,025 | $298,550 | $352,725 | $431,850 |
Source: Ownwell
Property Tax Bills Across Hoschton, Georgia
In Hoschton, located in Jackson County, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. For instance, with a median home price of $298,550, homeowners can expect varying tax bills depending on specific factors such as property size, location, and improvements. Tax bills in the region show a wide range, with the 25th percentile at $2,601 and the 75th percentile reaching $4,679. At the higher end, the 90th percentile tax bill can be as much as $5,888. The highest median tax bill recorded in the area is $3,710, which is significantly above the national median property tax rate of 0.99%. These property taxes directly impact homeowners, influencing overall housing affordability and long-term financial planning. Accurate assessments and understanding of these factors are crucial for homeowners to manage their expenses effectively.
Average Hoschton Tax Bill
$3,710
Average Jackson County Tax Bill
$2,746
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Hoschton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30548 | $1,712 | $2,601 | $3,710 | $4,679 | $5,888 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Tax Bill | |
| Issued | September 1 |
| Due Date #1 | September 15 |
| Due Date #2 | November 15 |
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