Hull, Georgia Property Taxes
The median property tax rate in Hull, GA is 1.22%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Hull at $207,051, the typical annual property tax bill reaches $2,579, just below the national median of $2,690. Property taxes in Hull are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hull'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 Hull or another part of Madison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hull, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$2,526
$2,453
Ownwell’s Hull Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Hull with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hull 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 Hull, Georgia
Property taxes in Hull, Georgia, are critical for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hull is 1.22%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Hull set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hull 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 Hull's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30646 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Hull 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 Hull 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 Hull, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30646 | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Hull, Georgia
In Hull, 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. 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 Hull helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Hull's zip code 30646 has both the highest and lowest median tax bill at $2,579, compared to the national median property tax rate of 0.99%.
Average Hull Assessed Value
$207,051
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 Hull, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30646 | $43,246 | $103,436 | $207,051 | $320,070 | $428,139 |
Source: Ownwell
Property Tax Bills Across Hull, Georgia
In Hull, Madison County, GA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value of the property, and for residential properties, this is typically 40% of the market value. For instance, with a median home price of $207,051, the assessed value would be approximately $82,820. The local tax rate is then applied to this assessed value to calculate the tax bill. Homeowners in Hull can expect significant variation in their tax bills. At the 25th percentile, tax bills are around $1,374, while at the 75th percentile, they rise to $3,944, and at the 90th percentile, they can reach up to $5,243. These property taxes fund essential local services, including schools, infrastructure, and emergency services, impacting the quality of life in the community. Understanding these factors helps homeowners anticipate their annual tax liabilities and plan their finances accordingly.
Average Hull Tax Bill
$2,579
Average Madison County Tax Bill
$2,406
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Hull, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30646 | $622 | $1,374 | $2,579 | $3,944 | $5,243 |
Source: Ownwell