Resaca, Georgia Property Taxes
The median property tax rate in Resaca, GA is 1.15%, notably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Resaca at $119,450, the typical annual property tax bill amounts to $1,296, still below the national median of $2,690. Property taxes in Resaca are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Resaca'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 Resaca or another part of Gordon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Resaca, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,374
$1,334
Ownwell’s Resaca Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Resaca with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Resaca 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 Resaca, Georgia
Property taxes in Resaca, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Resaca is 1.15%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Resaca set these rates annually, and they can vary significantly across different neighborhoods. Each year, Resaca 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 Resaca's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30735 zip code has the highest median property tax rate of 1.15%, while the 30735 zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Resaca provides valuable insights into the varying tax landscape across Gordon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Resaca Tax Rate
1.15%
Average Gordon County Tax Rate
1.15%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Resaca, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30735 | 1.04% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Resaca, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Resaca, Georgia. 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 Gordon 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 Resaca, 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 Resaca helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Resaca is $1296 in the 30735 zip code, identical to the lowest median tax bill in the same zip code.
Average Resaca Assessed Value
$119,450
Average Gordon County Assessed Value
$149,900
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Resaca, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30735 | $29,627 | $60,048 | $119,450 | $180,442 | $303,920 |
Source: Ownwell
Property Tax Bills Across Resaca, Georgia
In Resaca, Gordon County, GA, property tax bills are derived from the assessed value of a home, which is typically a percentage of its market value. For instance, a median home price in Resaca is $119,450. The tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as local tax rates, property exemptions, and assessment ratios play a crucial role in determining the final amount. Homeowners in Resaca can expect their property tax bills to vary significantly. For example, tax bills at the 25th percentile are around $646, while those at the 75th percentile reach up to $1976. The top 10% of property tax bills can even soar to $3232. This variation illustrates how property taxes can impact homeowners differently, depending on the assessed value and applicable exemptions. Compared to the national median property tax rate of 0.99%, Resaca's property tax bills reflect the localized nature of property taxation, emphasizing the importance of understanding individual assessment and local tax policies.
Average Resaca Tax Bill
$1,296
Average Gordon County Tax Bill
$1,672
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Resaca, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30735 | $325 | $646 | $1,296 | $1,976 | $3,232 |
Source: Ownwell