Statham, Georgia Property Taxes
The median property tax rate in Statham, GA is 0.85%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Statham at $520,234, the typical annual property tax bill reaches $4,342, significantly higher than the national median of $2,690. Property taxes in Statham 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 Statham'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 Statham 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
Statham, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$4,422
$4,295
Ownwell’s Statham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Statham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Statham 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 Statham, Georgia
Property taxes in Statham, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Statham is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Statham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Statham 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 Statham's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30666 zip code has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these cities compare with Statham provides valuable insights into the varying tax landscape across Oconee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Statham Tax Rate
0.85%
Average Oconee County Tax Rate
0.83%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Statham, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30666 | 0.59% | 0.80% | 0.85% | 0.93% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Statham, Georgia
In Statham, 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 Oconee 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 Statham, 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 Statham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 30666 has both the highest and lowest median tax bills at $4342.
Average Statham Assessed Value
$520,234
Average Oconee County Assessed Value
$356,314
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Statham, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30666 | $159,555 | $287,506 | $520,234 | $631,528 | $846,241 |
Source: Ownwell
Property Tax Bills Across Statham, Georgia
In Statham, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The property tax rate in Statham is influenced by various factors, including local government budgets, school funding, and community services. Homeowners in Statham, located in Oconee County, can expect their tax bills to vary significantly. For instance, at the 25th percentile, property tax bills are around $2,514, while at the 75th percentile, they reach approximately $5,338. The 90th percentile sees tax bills as high as $7,562. The median home price in Statham is $520,234, and the median property tax rate in the area is notably higher than the national median of 0.99%. This higher tax rate can impact homeowners by increasing their annual expenses, which may influence decisions on home purchases and long-term financial planning. Understanding these factors is crucial for homeowners to manage their budget effectively.
Average Statham Tax Bill
$4,342
Average Oconee County Tax Bill
$2,870
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Statham, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30666 | $1,473 | $2,514 | $4,342 | $5,338 | $7,562 |
Source: Ownwell