Alma, Georgia Property Taxes
The median property tax rate in Alma, GA is 0.54%, significantly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Alma at $299,533, the typical annual property tax bill reaches $1,607, which is well below the national median of $2,690. Property taxes in Alma are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alma'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 Alma 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
Alma, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$1,617
$1,571
Ownwell’s Alma Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alma with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alma 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 Alma, Georgia
Property taxes in Alma, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alma is 0.54%, which is lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Alma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alma 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 Alma's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31510 zip code has both the highest and lowest median property tax rate of 0.54%. Understanding how these cities compare with Alma provides valuable insights into the varying tax landscape across Ware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alma Tax Rate
0.54%
Average Ware County Tax Rate
1.15%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alma, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31510 | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Alma, Georgia
In Alma, 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 Ware 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. 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 Alma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Alma are both $1607, found in the 31510 zip code.
Average Alma Assessed Value
$299,533
Average Ware County Assessed Value
$82,583
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alma, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31510 | $299,533 | $299,533 | $299,533 | $299,533 | $299,533 |
Source: Ownwell
Property Tax Bills Across Alma, Georgia
In Alma, located in Ware County, GA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. For instance, if the median home price in Alma is $299,533, the assessed value would be a fraction of this amount, influenced by local assessment rates. Once the assessed value is established, the property tax rate is applied to calculate the tax bill. In Alma, homeowners can expect a median property tax bill of $1,607, which is significantly higher than the national median property tax rate of 0.99%. This rate places a notable financial responsibility on homeowners, impacting their annual budget and overall cost of homeownership. Factors such as property improvements, location, and market trends can further affect the assessed value, leading to variations in tax bills. Understanding these components helps homeowners in Alma anticipate and manage their property tax obligations effectively.
Average Alma Tax Bill
$1,607
Average Ware County Tax Bill
$742
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Alma, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31510 | $1,607 | $1,607 | $1,607 | $1,607 | $1,607 |
Source: Ownwell