Carlton, Georgia Property Taxes
The median property tax rate in Carlton, GA is 1.22%, significantly higher than both the national median of 0.99% and Georgia's state median of 1.08%. With the median home value in Carlton at $122,509, the typical annual property tax bill reaches $1,671, which is still below the national median of $2,690. Property taxes in Carlton 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 Carlton'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 Carlton 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
Carlton, 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 Carlton Property Tax Bill Calculator helps homeowners, real estate investors, and potential owners estimate their annual property taxes in Carlton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carlton 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 Carlton, Georgia
Property taxes in Carlton, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carlton is 1.25%, which is higher than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Carlton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carlton 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 Carlton's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30627 zip code has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Carlton provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlton Tax Rate
1.22%
Average Madison County Tax Rate
1.22%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30627 | 1.22% | 1.22% | 1.22% | 1.36% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Carlton, Georgia
In Carlton, 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 Madison 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 Carlton, 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 Carlton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 30627, with a median tax bill of $1671.00, while the zip code with the lowest median tax bill is also 30627, with the same median tax bill value.
Average Carlton Assessed Value
$122,509
Average Madison County Assessed Value
$186,937
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carlton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30627 | $33,818 | $62,373 | $122,509 | $238,523 | $371,111 |
Source: Ownwell
Property Tax Bills Across Carlton, Georgia
In Carlton, located in Madison County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. Homeowners in Carlton face a median property tax bill of $1,671, which is relatively modest compared to the national median property tax rate of 0.99%. The tax bill can vary significantly, with the 25th percentile at $821 and the 75th percentile at $3,079, indicating a broad range of property values and tax burdens in the area. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions or deductions. Higher-value homes, naturally, incur higher tax bills, with the 90th percentile reaching $4,841. This variability means homeowners must stay informed about their property's assessed value and any potential changes in local tax rates. Understanding these factors can help homeowners anticipate their annual property tax liabilities and plan their finances accordingly.
Average Carlton Tax Bill
$1,671
Average Madison County Tax Bill
$2,406
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30627 | $492 | $821 | $1,671 | $3,079 | $4,841 |
Source: Ownwell