Nicholls, Georgia Property Taxes
The median property tax rate in Nicholls, GA is 0.92%, lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Nicholls at $99,175, the typical annual property tax bill reaches $803, significantly below the national median of $2,690. Property taxes in Nicholls are calculated based on the assessed value, which generally falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Nicholls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Nicholls or another part of Bacon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nicholls, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$912
$886
Ownwell’s Nicholls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nicholls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nicholls 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 Nicholls, Georgia
Property taxes in Nicholls, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nicholls is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Nicholls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nicholls 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 Nicholls' effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31554 has both the highest and lowest median property tax rate of 0.92%. Understanding how these areas compare with Nicholls 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 Nicholls Tax Rate
0.92%
Average Bacon County Tax Rate
1.04%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nicholls, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31554 | 0.75% | 0.77% | 0.92% | 1.06% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Nicholls, Georgia
In Nicholls, 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 Nicholls, 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 Nicholls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Nicholls is $803.00, found in zip code 31554, which is also the area with the lowest median tax bill.
Average Nicholls Assessed Value
$99,175
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 Nicholls, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31554 | $27,690 | $46,910 | $99,175 | $173,850 | $298,000 |
Source: Ownwell
Property Tax Bills Across Nicholls, Georgia
In Nicholls, located in Bacon County, GA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value of the property. For instance, if the median home price is $99,175, the assessed value would be a fraction of this amount, depending on local regulations. Homeowners in Nicholls experience a range of property tax bills. The 25th percentile tax bill is around $463, while the 75th percentile reaches $1,445, and the 90th percentile can go up to $2,452. These figures highlight the variability in tax burdens based on property values and applicable exemptions. Compared to the national median property tax rate of 0.99%, Nicholls residents may find their tax rates to be relatively moderate. Understanding these factors is essential for homeowners as it directly impacts their annual financial planning and overall cost of homeownership.
Average Nicholls Tax Bill
$803
Average Bacon County Tax Bill
$871
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Nicholls, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31554 | $274 | $463 | $803 | $1,445 | $2,452 |
Source: Ownwell