Sharon, Georgia Property Taxes
The median property tax rate in Sharon, GA is 1.09%, slightly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Sharon at $245,655, the typical annual property tax bill reaches $2,626, which is above the national median of $2,690. Property taxes in Sharon are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Sharon'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 Sharon or another part of Taliaferro County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sharon, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$2,678
$2,601
Ownwell’s Sharon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sharon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sharon 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 Sharon, Georgia
Property taxes in Sharon, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sharon is 1.09%, which is notably higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Sharon set these rates annually, and they can vary across different neighborhoods. Each year, Sharon 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 Sharon's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30664 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these areas compare with Sharon provides valuable insights into the varying tax landscape across Taliaferro County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sharon Tax Rate
1.09%
Average Taliaferro County Tax Rate
1.38%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sharon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30664 | 1.07% | 1.08% | 1.09% | 1.10% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Sharon, Georgia
In Sharon, 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 Taliaferro 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 Sharon, 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 Sharon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Sharon's zip code 30664 has both the highest and lowest median tax bill, valued at $2626.
Average Sharon Assessed Value
$245,655
Average Taliaferro County Assessed Value
$61,800
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sharon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30664 | $94,411 | $151,128 | $245,655 | $340,182 | $396,899 |
Source: Ownwell
Property Tax Bills Across Sharon, Georgia
In Sharon, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For example, a home with a median price of $245,655 in Sharon would have its assessed value calculated first. The tax rate in Taliaferro County is used to calculate the tax bill, which can vary significantly. Homeowners in the 25th percentile can expect a tax bill of around $1,629, while those in the 75th percentile might see bills as high as $3,623. The 90th percentile tax bills can reach up to $4,221. These property taxes are crucial for funding local services such as schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, the tax rates in Sharon can have a substantial impact on homeowners, influencing their overall cost of living and financial planning.
Average Sharon Tax Bill
$2,626
Average Taliaferro County Tax Bill
$808
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Sharon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30664 | $1,030 | $1,629 | $2,626 | $3,623 | $4,221 |
Source: Ownwell