Tifton, Georgia Property Taxes
The median property tax rate in Tifton, GA is 1.19%, which is higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Tifton, the typical annual property tax bill reaches $953, falling below the national median of $2,690. Property taxes in Tifton 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 Tifton'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 Tifton 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
Tifton, 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 Tifton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tifton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tifton 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 Tifton, Georgia
Property taxes in Tifton, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tifton is 1.19%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Tifton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tifton 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 Tifton's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31794 zip code has the highest median property tax rate of 1.19%, while the 31793 zip code has the lowest median tax rate of 1.19%. Understanding how these cities compare with Tifton 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 Tifton 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 Tifton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31793 | 0.62% | 0.85% | 1.19% | 1.19% | 1.23% |
| 31794 | 0.53% | 0.97% | 1.19% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Tifton, Georgia
In Tifton, 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 Tifton, 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. Homeowners in Tifton should be aware that the highest median tax bill is $1,303 in zip code 31793, while the lowest is $832 in zip code 31794. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tifton Assessed Value
$92,527
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 Tifton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31793 | $29,855 | $78,802 | $132,161 | $190,715 | $271,750 |
| 31794 | $18,000 | $38,442 | $78,900 | $138,380 | $218,058 |
Source: Ownwell
Property Tax Bills Across Tifton, Georgia
In Tifton, located in Tift County, GA, 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, known as the millage rate, is then applied to this assessed value to determine the final tax bill. For instance, with a median home price of $92,527 in Tifton, homeowners can expect varying tax bills depending on the specific assessment and exemptions they qualify for. Homeowners in Tifton experience a range of property tax bills. The 25th percentile tax bill is approximately $405, while the 75th percentile reaches $1,762. At the higher end, the 90th percentile tax bill can be as much as $2,698. Within Tifton, the highest median tax bill recorded is $1,303 in the 31793 zip code, whereas the lowest median tax bill is $832 in the 31794 zip code. Compared to the national median property tax rate of 0.99%, Tifton's rates reflect the local economic conditions and property values, directly impacting homeowners' annual financial obligations.
Average Tifton Tax Bill
$953
Average Tift County Tax Bill
$893
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Tifton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31793 | $251 | $641 | $1,303 | $2,065 | $2,954 |
| 31794 | $150 | $357 | $832 | $1,620 | $2,551 |
Source: Ownwell