Brookfield, Georgia Property Taxes
The median property tax rate in Brookfield, GA is 1.19%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Brookfield, the typical annual property tax bill reaches $187, which is significantly lower than the national median of $2,690. Property taxes in Brookfield are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brookfield'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 Brookfield 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
Brookfield, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$188
$183
Ownwell’s Brookfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brookfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brookfield 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 Brookfield, Georgia
Property taxes in Brookfield, Georgia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Brookfield is 1.19%, notably higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Brookfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brookfield 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 Brookfield's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31727 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Brookfield provides valuable insights into the varying tax landscape across Tift County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brookfield Tax Rate
1.19%
Average Tift County Tax Rate
1.19%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brookfield, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31727 | 0.70% | 1.01% | 1.19% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Brookfield, Georgia
In Brookfield, 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 Tift 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 Brookfield, 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 Brookfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 31727, with a median tax bill of $187, while the lowest is also in the same zip code at $187.
Average Brookfield Assessed Value
$15,790
Average Tift County Assessed Value
$88,368
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brookfield, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31727 | $6,941 | $11,800 | $15,790 | $34,268 | $65,205 |
Source: Ownwell
Property Tax Bills Across Brookfield, Georgia
In Brookfield, property tax bills are calculated based on the assessed value of a home, which is determined by the Tift County tax assessor. This assessed value is a percentage of the property's market value. Once the assessed value is established, the tax rate, also known as the millage rate, is applied. The millage rate is set by local government entities and represents the amount of tax payable per $1,000 of assessed value. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific millage rate set by local authorities. For homeowners in Brookfield, the median home price is $15,790. Tax bills in this area range significantly, with the 25th percentile at $140 and the 75th percentile at $258. The highest median tax bill recorded in the area is $187. Understanding these factors can help homeowners anticipate their property tax obligations and plan accordingly. With the national median property tax rate at 0.99%, homeowners in Brookfield generally experience lower tax bills compared to the national average.
Average Brookfield Tax Bill
$187
Average Tift County Tax Bill
$893
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Brookfield, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31727 | $82 | $140 | $187 | $258 | $358 |
Source: Ownwell