Alma, Georgia Property Taxes
The median property tax rate in Alma, GA is 1.04%, slightly higher than the national median of 0.99% but lower than the Georgia state median of 1.08%. With the median home value in Alma at $94,390, the typical annual property tax bill amounts to $874, which is below the national median of $2,690. Property taxes in Alma are calculated based on the tax assessed value, often lower than the market value due to exemptions like 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 Bacon County, grasping 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
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Alma Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to 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 provide an 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 Bacon County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Alma, Georgia
Property taxes in Alma, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alma is 1.04%, higher 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 the highest median property tax rate of 1.04%, while the 31510 zip code has the lowest median tax rate of 1.04%. Understanding how these cities compare with Alma provides valuable insights into the varying tax landscape across Bacon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alma Tax Rate
1.04%
Average Bacon County Tax Rate
1.04%
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 | 0.75% | 0.80% | 1.04% | 1.10% | 1.16% |
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 Bacon 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 Alma, 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. The median home price in Alma is $94,390, with the 25th percentile tax bill at $490 and the 75th percentile tax bill at $1,590. The highest and lowest median tax bills are both $874 in the 31510 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alma Assessed Value
$94,390
Average Bacon County Assessed Value
$95,100
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 | $26,800 | $46,161 | $94,390 | $187,160 | $295,207 |
Source: Ownwell
Property Tax Bills Across Alma, Georgia
In Alma, Bacon County, GA, property tax bills are calculated based on the assessed value of a home. This assessed value is typically a percentage of the home's market value, which in Alma is influenced by factors such as location, size, and condition of the property. The median home price in Alma stands at $94,390. To determine the tax bill, the assessed value is multiplied by the local tax rate, which varies within the county. Homeowners in Alma can expect their property tax bills to fall within a range depending on their property's assessed value. At the 25th percentile, tax bills are around $490, while those at the 75th percentile see bills closer to $1,590. For the top 10% of properties, tax bills can reach up to $2,739. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Alma residents. By understanding how these taxes are calculated, homeowners can better anticipate their annual expenses and the value they receive from local services.
Average Alma Tax Bill
$874
Average Bacon County Tax Bill
$871
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 | $294 | $490 | $874 | $1,590 | $2,739 |
Source: Ownwell