Reynolds, Georgia Property Taxes
The median property tax rate in Reynolds, GA is 0.92%, slightly below the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $66,580 in Reynolds, the typical annual property tax bill amounts to $647, significantly lower than the national median of $2,690. Property taxes in Reynolds 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 Reynolds' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Reynolds 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
Reynolds, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$613
$595
Ownwell’s Reynolds Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Reynolds with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reynolds to give you an accurate estimate of 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 Taylor County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Reynolds, Georgia
Property taxes in Reynolds, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reynolds is 0.92%, lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Reynolds set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reynolds 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 Reynolds' effective property tax rate to other counties in Georgia and the national median. For comparison, the 31076 zip code has the highest median property tax rate of 0.92%, while the same 31076 zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with Reynolds provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Reynolds Tax Rate
0.92%
Average Taylor County Tax Rate
0.92%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reynolds, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31076 | 0.92% | 0.92% | 0.92% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Reynolds, Georgia
In Reynolds, 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 Taylor 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 Reynolds, 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 Reynolds helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 31076, both at $647.
Average Reynolds Assessed Value
$66,580
Average Taylor County Assessed Value
$65,765
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Reynolds, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31076 | $16,086 | $33,035 | $66,580 | $126,945 | $211,772 |
Source: Ownwell
Property Tax Bills Across Reynolds, Georgia
In Reynolds, located in Taylor County, GA, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the property's market value. For example, if the median home price in Reynolds is $66,580, the assessed value will be a fraction of this amount, depending on local assessment rates. Once the assessed value is determined, the local property tax rate is applied to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific tax rate set by local authorities. For homeowners in Reynolds, the 25th percentile tax bill is around $309, while those in the 75th percentile can expect to pay approximately $1,183. The 90th percentile tax bill reaches up to $1,971. These figures illustrate the range of property tax burdens residents might face, with the highest median tax bill in the area being $647. This variability in tax bills can significantly impact homeowners, influencing their overall housing costs and financial planning.
Average Reynolds Tax Bill
$647
Average Taylor County Tax Bill
$632
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Reynolds, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31076 | $160 | $309 | $647 | $1,183 | $1,971 |
Source: Ownwell