Forest Park, Georgia Property Taxes
The median property tax rate in Forest Park, GA is 1.28%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $133,400 in Forest Park, the typical annual property tax bill reaches $1,709, exceeding the national median of $2,690. Property taxes in Forest Park 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 Forest Park'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 Forest Park 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
Forest Park, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$1,708
$1,658
$1,148
Average Forest Park, Georgia Tax Savings
Ownwell’s Forest Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Forest Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Forest Park to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Forest Park. 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 Forest Park, Georgia
Property taxes in Forest Park, Georgia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Forest Park is 1.28%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Forest Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Forest Park 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 Forest Park's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30297 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Forest Park provides valuable insights into the varying tax landscape across Clayton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Forest Park Tax Rate
1.28%
Average Clayton County Tax Rate
1.44%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forest Park, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30297 | 0.78% | 1.28% | 1.28% | 1.44% | 1.44% |
Source: Ownwell
$1,148
Average Forest Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Forest Park, Georgia
In Forest Park, 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 Clayton 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 Forest Park, 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 Forest Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Forest Park's median home price is $133,400, with the 25th percentile tax bill at $1,354 and the 75th percentile tax bill at $2,134. The zip code 30297 holds both the highest and lowest median tax bills at $1,709.
Average Forest Park Assessed Value
$133,400
Average Clayton County Assessed Value
$203,200
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Forest Park, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30297 | $94,300 | $112,700 | $133,400 | $163,900 | $202,080 |
Source: Ownwell
$1,148
Average Forest Park Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Forest Park, Georgia
In Forest Park, located in Clayton County, GA, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. Homeowners in this area face a median property tax rate of 1.28%, higher than the national median of 0.99%. This rate, applied to the assessed value, determines the annual tax bill. For instance, with a median home price of $133,400, homeowners can expect to pay an annual tax bill ranging between $1,354 and $2,689, depending on various factors such as property location and specific exemptions. Factors influencing the tax bill include the property's assessed value, exemptions, and local tax rates. Higher assessed values and fewer exemptions result in higher tax bills, impacting homeowners' finances significantly. Ownwell helps homeowners in Forest Park by providing expert property tax appeal and exemption services. By identifying potential discrepancies in property assessments and applying for eligible exemptions, Ownwell can help reduce the tax burden, ensuring homeowners pay only their fair share.
Average Forest Park Tax Bill
$1,709
Average Clayton County Tax Bill
$2,787
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Forest Park, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30297 | $876 | $1,354 | $1,709 | $2,134 | $2,689 |
Source: Ownwell
$1,148
Average Forest Park Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 10 |
| Tax Bill | |
| Issued | September 1 |
| Due Date #1 | September 15 |
| Due Date #2 | November 15 |
Links | |
|---|---|
| Clayton Assessor's Office | |
| Website | publicaccess.claytoncountyga.gov |
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