Smarr, Georgia Property Taxes
The median property tax rate in Smarr, GA is 0.78%, which is notably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Smarr, the typical annual property tax bill amounts to $467, significantly below the national median of $2,690. Property taxes in Smarr are determined based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Smarr'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 Smarr or another part of Monroe County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Smarr, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$1,437
$1,396
Ownwell’s Smarr Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Smarr with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Smarr 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 Smarr, Georgia
Property taxes in Smarr, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Smarr is 0.78%, lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Smarr set these rates annually, and they can vary significantly across different neighborhoods. Each year, Smarr 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 Smarr's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31086 zip code has the highest median property tax rate of 0.78%, while the 31086 zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Smarr provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Smarr Tax Rate
0.78%
Average Monroe County Tax Rate
0.97%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Smarr, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31086 | 0.21% | 0.41% | 0.78% | 0.82% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Smarr, Georgia
In Smarr, 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 Monroe 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 Smarr, 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 Smarr helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Smarr is $467 in zip code 31086, which is the same as the lowest median tax bill, highlighting the uniformity in tax assessments within the area.
Average Smarr Assessed Value
$184,215
Average Monroe County Assessed Value
$140,730
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Smarr, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31086 | $30,518 | $72,335 | $184,215 | $238,075 | $842,745 |
Source: Ownwell
Property Tax Bills Across Smarr, Georgia
In Smarr, located in Monroe County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Smarr is $184,215, and the property tax rate in Monroe County plays a crucial role in determining the final tax bill. Homeowners in this area can expect their tax bills to vary significantly, with the 25th percentile tax bill at $332 and the 75th percentile reaching $1,602. For those at the higher end, the 90th percentile tax bill can be as high as $6,543. These figures indicate that while some homeowners may face relatively modest property tax bills, others could encounter more substantial amounts. Compared to the national median property tax rate of 0.99%, Smarr's property tax landscape can present a wide range of financial obligations for homeowners. Understanding these factors is essential for homeowners to anticipate their annual property tax responsibilities and plan their finances accordingly.
Average Smarr Tax Bill
$467
Average Monroe County Tax Bill
$933
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Smarr, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31086 | $229 | $332 | $467 | $1,602 | $6,543 |
Source: Ownwell