Ochlocknee, Georgia Property Taxes
The median property tax rate in Ochlocknee, GA is 1.19%, higher than both the national median of 0.99% and Georgia's state median of 1.08%. With a median home value of $108,419 in Ochlocknee, the typical annual property tax bill amounts to $1,154, which is below the national median of $2,690. Property taxes in Ochlocknee are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ochlocknee'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 Ochlocknee or another part of Grady County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ochlocknee, 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 Ochlocknee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ochlocknee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ochlocknee 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 Ochlocknee, Georgia
Property taxes in Ochlocknee, Georgia, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Ochlocknee is 1.19%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Ochlocknee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ochlocknee 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 Ochlocknee's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31773 zip code has the highest median property tax rate of 1.19%, while the 31773 zip code also has the lowest median tax rate of 1.19%. Understanding how these areas compare with Ochlocknee provides valuable insights into the varying tax landscape across Grady County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ochlocknee Tax Rate
1.19%
Average Grady County Tax Rate
1.22%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ochlocknee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31773 | 0.79% | 1.07% | 1.19% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Ochlocknee, Georgia
In Ochlocknee, 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 Grady 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 Ochlocknee, 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 Ochlocknee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 31773 has both the highest and lowest median tax bill at $1154.
Average Ochlocknee Assessed Value
$108,419
Average Grady County Assessed Value
$90,406
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ochlocknee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31773 | $29,590 | $49,950 | $108,419 | $191,440 | $249,206 |
Source: Ownwell
Property Tax Bills Across Ochlocknee, Georgia
In Ochlocknee, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Ochlocknee is $108,419. Local tax authorities determine the assessed value and apply the local property tax rate to calculate the annual tax bill. For homeowners in Ochlocknee, the property tax rate in Grady County plays a significant role in determining their tax bill. Factors such as property size, location, and improvements can influence the assessed value. In this region, property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $558, while at the 75th percentile, it rises to $2,118, and at the 90th percentile, it reaches $2,760. The highest median tax bill recorded in the area is $1,154. These variations can affect homeowners' financial planning and budgeting, making it crucial for them to understand how their property taxes are calculated and what factors influence their tax obligations.
Average Ochlocknee Tax Bill
$1,154
Average Grady County Tax Bill
$882
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Ochlocknee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31773 | $315 | $558 | $1,154 | $2,118 | $2,760 |
Source: Ownwell