Edison, Georgia Property Taxes
The median property tax rate in Edison, GA is 1.42%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Edison at $86,700, the typical annual property tax bill reaches $1,227, exceeding the national median of $2,690. Property taxes in Edison are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Edison'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 Edison 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
Edison, 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 Edison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edison 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 Edison, Georgia
Property taxes in Edison, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Edison is 1.42%, which is higher than the U.S. national median of 0.99%. Local government entities within Edison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edison 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 Edison's effective property tax rate to other counties in Georgia and the national median. For comparison, the 39846 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Edison 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 Edison 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 Edison, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39846 | 0.90% | 1.32% | 1.42% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Edison, Georgia
In Edison, 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 Edison, 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. For example, the median home price in Edison is $86,700, with tax bills ranging from $1,007 at the 25th percentile to $1,360 at the 90th percentile. The highest median tax bill is $1,227 in the 39846 zip code. By understanding 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 Edison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Edison Assessed Value
$86,700
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 Edison, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39846 | $64,401 | $76,145 | $86,700 | $88,160 | $174,464 |
Source: Ownwell
Property Tax Bills Across Edison, Georgia
In Edison, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. Homeowners in Edison can expect their property tax bills to be influenced by various factors, including the local tax rate and the assessed value of their property. The median home price in Edison is $86,700, and the median property tax bill is approximately $1,227. This figure is higher than the national median property tax rate of 0.99%, indicating a relatively higher tax burden for residents in this area. For homeowners, property tax bills can vary significantly. For example, the tax bill at the 25th percentile is around $1,007, while at the 75th percentile, it can go up to $1,248. At the 90th percentile, the tax bill can reach $1,360. These variations highlight the importance of understanding how local assessments and tax rates impact individual financial obligations. Homeowners must consider these factors when budgeting for annual expenses and planning long-term financial strategies.
Average Edison Tax Bill
$1,227
Average Randolph County Tax Bill
$899
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Edison, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39846 | $883 | $1,007 | $1,227 | $1,248 | $1,360 |
Source: Ownwell