Armuchee, Georgia Property Taxes
The median property tax rate in Armuchee, GA is 0.91%, which is lower than both the national median of 0.99% and Georgia's state median of 1.08%. With a median home value of $185,328 in Armuchee, the typical annual property tax bill is around $1,587, which is below the national median of $2,690. Property taxes in Armuchee are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Armuchee'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 Armuchee or another part of Floyd County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Armuchee, 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 Armuchee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Armuchee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Armuchee 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 Armuchee, Georgia
Property taxes in Armuchee, Georgia, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Armuchee is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Armuchee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Armuchee 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 Armuchee's effective property tax rate to other areas in Georgia and the national median. For comparison, the zip code 30105 has both the highest and lowest median property tax rate of 0.91%. Understanding how these areas compare with Armuchee provides valuable insights into the varying tax landscape across Floyd County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Armuchee Tax Rate
0.91%
Average Floyd County Tax Rate
1.19%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Armuchee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30105 | 0.31% | 0.61% | 0.91% | 1.36% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Armuchee, Georgia
In Armuchee, 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 Floyd 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 Armuchee, 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 Armuchee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1587.00, found in zip code 30105.
Average Armuchee Assessed Value
$185,328
Average Floyd County Assessed Value
$141,916
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Armuchee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30105 | $61,867 | $119,472 | $185,328 | $287,722 | $409,215 |
Source: Ownwell
Property Tax Bills Across Armuchee, Georgia
In Armuchee, located in Floyd County, GA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property improvements, neighborhood developments, and changes in the real estate market can influence the assessed value. For homeowners in Armuchee, the median home price stands at $185,328. Property tax bills in this area vary significantly, with the 25th percentile tax bill at $814 and the 75th percentile reaching $2,658. The 90th percentile tax bill can go up to $4,030, reflecting the wide range of property values and corresponding tax obligations. Comparatively, the national median property tax rate is 0.99%, and homeowners in Armuchee may find their tax bills influenced by local rates and property values. This variance in tax bills can significantly impact household budgets, making it important for homeowners to stay informed about their property assessments and any potential exemptions they may qualify for.
Average Armuchee Tax Bill
$1,587
Average Floyd County Tax Bill
$1,460
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Armuchee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30105 | $359 | $814 | $1,587 | $2,658 | $4,030 |
Source: Ownwell