Social Circle, Georgia Property Taxes
The median property tax rate in Social Circle, GA is 0.98%, slightly below the national median of 0.99% and also lower than the Georgia state median of 1.08%. With the median home value in Social Circle at $348,239, the typical annual property tax bill reaches $3,407, which surpasses the national median of $2,690. Property taxes in Social Circle 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 Social Circle'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 Social Circle 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
Social Circle, 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 Social Circle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Social Circle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Social Circle 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 Social Circle, Georgia
Property taxes in Social Circle, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Social Circle is 0.98%, just below the U.S. national median of 0.99%. Local government entities within Social Circle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Social Circle 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 Social Circle's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30025 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Social Circle provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Social Circle Tax Rate
0.98%
Average Morgan County Tax Rate
0.98%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Social Circle, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30025 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Social Circle, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Social Circle, Georgia. 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 local 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 Social Circle, 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. Awareness of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Social Circle, the median home price is $348,239, with the 25th percentile tax bill at $2,531 and the 75th percentile tax bill at $4,036. The highest and lowest median tax bills are both $3,407 in the 30025 zip code.
Average Social Circle Assessed Value
$348,239
Average Morgan County Assessed Value
$223,250
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Social Circle, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30025 | $115,230 | $258,672 | $348,239 | $412,472 | $446,098 |
Source: Ownwell
Property Tax Bills Across Social Circle, Georgia
In Social Circle, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the property's market value. For instance, if a home in Social Circle has a market value of $348,239, the assessed value would be a fraction of this amount, depending on local regulations. Once the assessed value is established, the tax rate, also known as the millage rate, is applied. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Social Circle can expect tax bills to vary significantly. For example, the 25th percentile tax bill is $2,531, while the 75th percentile tax bill is $4,036, and the 90th percentile reaches $4,365. These variations reflect differences in property values and applicable exemptions. Compared to the national median property tax rate of 0.99%, Social Circle's property tax bills can have a substantial impact on homeowners, making it essential to understand how these factors come into play.
Average Social Circle Tax Bill
$3,407
Average Morgan County Tax Bill
$2,264
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Social Circle, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30025 | $1,128 | $2,531 | $3,407 | $4,036 | $4,365 |
Source: Ownwell