Riceboro, Georgia Property Taxes
The median property tax rate in Riceboro, 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 of $60,554 in Riceboro, the typical annual property tax bill amounts to $525, which is significantly below the national median of $2,690. Property taxes in Riceboro are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Riceboro'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 Riceboro or another part of Liberty County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Riceboro, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$612
$594
Ownwell’s Riceboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Riceboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riceboro 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 Riceboro, Georgia
Property taxes in Riceboro, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Riceboro is 1.01%, which is higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Riceboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Riceboro 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 Riceboro's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31323 zip code has both the highest and lowest median property tax rate of 1.01%. Understanding how these cities compare with Riceboro provides valuable insights into the varying tax landscape across Liberty County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Riceboro Tax Rate
1.01%
Average Liberty County Tax Rate
1.70%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Riceboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31323 | 0.13% | 0.36% | 1.01% | 1.69% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Riceboro, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Riceboro, Georgia. The market value represents 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 Liberty 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 Riceboro, 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 Riceboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Riceboro are both $525, found in the 31323 zip code.
Average Riceboro Assessed Value
$60,554
Average Liberty County Assessed Value
$161,331
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Riceboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31323 | $17,052 | $29,843 | $60,554 | $130,343 | $233,734 |
Source: Ownwell
Property Tax Bills Across Riceboro, Georgia
In Riceboro, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Riceboro is $60,554. Tax rates in this area are influenced by local government budgets and the services they provide. Homeowners in Riceboro can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $182 and the 75th percentile reaching $1,412. For those in the 90th percentile, tax bills can be as high as $2,972. These tax bills impact homeowners by influencing their overall housing costs. Compared to the national median property tax rate of 0.99%, Riceboro's property tax rates can be considered relatively moderate. The highest and lowest median tax bills in the area are both $525, indicating some level of consistency within the zip code 31323. This calculation method ensures that property taxes are proportionate to the value of the property, providing a fair system for all homeowners.
Average Riceboro Tax Bill
$525
Average Liberty County Tax Bill
$2,200
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Riceboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31323 | $53 | $182 | $525 | $1,412 | $2,972 |
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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