Damascus, Georgia Property Taxes
The median property tax rate in Damascus, GA is 0.98%, slightly below the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $59,168 in Damascus, the typical annual property tax bill is $563, which is significantly lower than the national median of $2,690. Property taxes in Damascus are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Damascus'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 Damascus or another part of Baker County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Damascus, 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 Damascus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Damascus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Damascus 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 Damascus, Georgia
Property taxes in Damascus, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Damascus is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Damascus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Damascus 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 Damascus's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 39841 has both the highest and the lowest median property tax rate of 0.98%. Understanding how these areas compare with Damascus provides valuable insights into the varying tax landscape across Baker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Damascus Tax Rate
0.98%
Average Baker County Tax Rate
0.99%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Damascus, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39841 | 0.84% | 0.86% | 0.98% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Damascus, Georgia
In Damascus, 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 Baker 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 Damascus, 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 Damascus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Damascus is $563 in zip code 39841, while the lowest median tax bill is also $563 in the same zip code.
Average Damascus Assessed Value
$59,168
Average Baker County Assessed Value
$64,678
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Damascus, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39841 | $16,543 | $25,122 | $59,168 | $107,079 | $371,858 |
Source: Ownwell
Property Tax Bills Across Damascus, Georgia
In Damascus, located in Baker 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 is then applied to this assessed value to determine the final tax bill. For example, with a median home price of $59,168, homeowners can expect varying tax bills depending on the assessed value and applicable exemptions. Factors such as property size, location, and improvements can influence the assessed value. Additionally, local government budgets and school district funding needs play a role in setting the tax rate. In Damascus, tax bills range significantly, with the 25th percentile at $253 and the 75th percentile at $936, showcasing the variability based on property characteristics and local tax policies. These tax bills impact homeowners by influencing their annual expenses and potentially affecting property values. Understanding how these factors interplay can help homeowners anticipate their financial responsibilities and plan accordingly.
Average Damascus Tax Bill
$563
Average Baker County Tax Bill
$615
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Damascus, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39841 | $153 | $253 | $563 | $936 | $3,753 |
Source: Ownwell