Cuthbert, Georgia Property Taxes
The median property tax rate in Cuthbert, GA is 1.42%, significantly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Cuthbert at $70,300, the typical annual property tax bill reaches $840, which is below the national median of $2,690. Property taxes in Cuthbert are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Cuthbert'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 Cuthbert 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
Cuthbert, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$998
$970
Ownwell’s Cuthbert Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cuthbert with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cuthbert 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 Cuthbert, Georgia
Property taxes in Cuthbert, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cuthbert is 1.42%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Cuthbert set these rates annually, and they can vary across different neighborhoods. Each year, Cuthbert 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 Cuthbert's effective property tax rate to other areas in Georgia and the national median. For comparison, the zip code 39840 has the highest median property tax rate of 1.42%, while the same zip code also represents the lowest median tax rate of 1.42%. Understanding how these figures compare with Cuthbert provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cuthbert Tax Rate
1.42%
Average Randolph County Tax Rate
1.42%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cuthbert, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39840 | 0.70% | 1.02% | 1.42% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Cuthbert, Georgia
In Cuthbert, 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 Randolph 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 Cuthbert, 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 Cuthbert helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $840 in the 39840 zip code, while the lowest is also $840 in the same zip code.
Average Cuthbert Assessed Value
$70,300
Average Randolph County Assessed Value
$74,384
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cuthbert, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39840 | $16,100 | $35,050 | $70,300 | $118,450 | $219,056 |
Source: Ownwell
Property Tax Bills Across Cuthbert, Georgia
In Cuthbert, located in Randolph County, GA, property tax bills are determined by assessing the value of a property and applying the local tax rate to that value. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Homeowners in Cuthbert experience a range of tax bills; for instance, the 25th percentile tax bill is around $431, while the 75th percentile reaches $1,413. The 90th percentile tax bill can go as high as $2,486. These property tax bills are influenced by various factors, including property size, location, and any applicable exemptions. For homeowners, understanding these factors is crucial as they directly impact their annual expenses. Compared to the national median property tax rate of 0.99%, Cuthbert's rates can offer some relief, making it essential for homeowners to stay informed and ensure they are not overpaying.
Average Cuthbert Tax Bill
$840
Average Randolph County Tax Bill
$899
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Cuthbert, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39840 | $189 | $431 | $840 | $1,413 | $2,486 |
Source: Ownwell