St Simons Island, Georgia Property Taxes
The median property tax rate in St. Simons Island, GA is 0.64%, significantly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $906,050, the typical annual property tax bill in St. Simons Island amounts to $3,009, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding St. Simons Island'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 St. Simons Island 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
St Simons Island, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$5,799
$5,632
Ownwell’s St Simons Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in St Simons Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in St Simons Island 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 St Simons Island, Georgia
Property taxes in St Simons Island, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in St Simons Island is 0.64%, which is lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within St Simons Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, St Simons Island 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. For comparison, the zip code 31522 has the highest median property tax rate of 0.64%, while the same zip code also has the lowest median tax rate of 0.64%. Understanding how these areas compare with St Simons Island provides valuable insights into the varying tax landscape across Glynn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average St Simons Island Tax Rate
0.64%
Average Glynn County Tax Rate
0.84%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across St Simons Island, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31522 | 0.15% | 0.23% | 0.64% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across St Simons Island, Georgia
In St. Simons Island, 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 Glynn 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 St. Simons Island, 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 St. Simons Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $3,009, found in the 31522 zip code.
Property Tax Assessment Values Across St Simons Island, Georgia
Source: Ownwell
$91,300
$1,401,600
$2,711,900
Average St Simons Island Assessed Value
$906,050
Average Glynn County Assessed Value
$258,400
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across St Simons Island, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31522 | $6,880 | $236,250 | $906,050 | $2,026,250 | $2,691,340 |
Source: Ownwell
Property Tax Bills Across St Simons Island, Georgia
In St. Simons Island, Glynn 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 annual tax bill. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions or deductions. Homeowners in St. Simons Island face a range of tax bills, with the 25th percentile at $1,946 and the 75th percentile at $3,710, reflecting the diverse property values in the area. The highest median tax bill in the region is $3,009, found in zip code 31522. Compared to the national median property tax rate of 0.99%, St. Simons Island's tax rates can significantly impact homeowners, especially those with higher-valued properties. For instance, at the 90th percentile, tax bills can soar to $22,407, underscoring the importance of understanding how local property assessments and tax rates can affect annual financial obligations.
Average St Simons Island Tax Bill
$3,009
Average Glynn County Tax Bill
$2,196
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across St Simons Island, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31522 | $194 | $1,946 | $3,009 | $3,710 | $22,407 |
Source: Ownwell