Sugar Valley, Georgia Property Taxes
The median property tax rate in Sugar Valley, GA is 1.15%, higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $142,120 in Sugar Valley, the typical annual property tax bill reaches $1,511, which is below the national median of $2,690. Property taxes in Sugar Valley are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sugar Valley'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 Sugar Valley 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
Sugar Valley, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,634
$1,587
Ownwell’s Sugar Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sugar Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sugar Valley 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 Sugar Valley, Georgia
Property taxes in Sugar Valley, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sugar Valley is 0.83%, which is lower than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Sugar Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sugar Valley 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 Sugar Valley's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30746 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these areas compare with Sugar Valley 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 Sugar Valley 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 Sugar Valley, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30746 | 1.02% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Sugar Valley, Georgia
In Sugar Valley, 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 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 Sugar Valley, 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 Sugar Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 30746 has the highest and lowest median tax bill at $1,511, offering a glimpse into the variability of property taxes within the region.
Average Sugar Valley Assessed Value
$142,120
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 Sugar Valley, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30746 | $39,400 | $80,950 | $142,120 | $225,805 | $356,400 |
Source: Ownwell
Property Tax Bills Across Sugar Valley, Georgia
In Sugar Valley, located in Gordon County, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The county assessors determine this value and apply the local tax rate to calculate the tax bill. For instance, with the median home price at $142,120, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. In Sugar Valley, the 25th percentile tax bill is approximately $846, while the 75th percentile reaches up to $2,431. For those at the 90th percentile, tax bills can soar to around $3,743. These figures highlight the range of property taxes homeowners might encounter. Compared to the national median property tax rate of 0.99%, Sugar Valley’s property tax rates can significantly impact homeowners' annual expenses, emphasizing the importance of understanding local tax assessments and potential exemptions.
Average Sugar Valley Tax Bill
$1,511
Average Gordon County Tax Bill
$1,672
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Sugar Valley, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30746 | $378 | $846 | $1,511 | $2,431 | $3,743 |
Source: Ownwell