Greensboro, Georgia Property Taxes
The median property tax rate in Greensboro, GA is 0.72%, considerably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Greensboro at $467,500, the typical annual property tax bill reaches $2,932, surpassing the national median of $2,690. Property taxes in Greensboro are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Greensboro'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 Greensboro 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
Greensboro, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$3,366
$3,269
Ownwell’s Greensboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greensboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greensboro 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 Greensboro, Georgia
Property taxes in Greensboro, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greensboro is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Greensboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greensboro 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 Greensboro's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30642 zip code has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these cities compare with Greensboro provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greensboro Tax Rate
0.72%
Average Greene County Tax Rate
0.72%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greensboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30642 | 0.44% | 0.54% | 0.72% | 0.75% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Greensboro, Georgia
In Greensboro, 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 Greene 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 Greensboro, 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 Greensboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,932 in zip code 30642, while the lowest median tax bill is also $2,932 in the same zip code.
Average Greensboro Assessed Value
$467,500
Average Greene County Assessed Value
$377,850
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greensboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30642 | $51,141 | $164,500 | $467,500 | $845,000 | $1,480,460 |
Source: Ownwell
Property Tax Bills Across Greensboro, Georgia
In Greensboro, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Greensboro is $467,500. Property taxes are then determined by applying the local tax rate to this assessed value. Various factors contribute to the final tax bill, including the home's location within Greene County and any applicable exemptions or deductions. Homeowners in Greensboro can expect a wide range of tax bills. For instance, the tax bill at the 25th percentile is $998, while those at the 75th percentile pay around $5,344. At the higher end, the 90th percentile tax bill reaches $9,478. The median tax bill in the highest and lowest zip code, 30642, is $2,932, which is higher than the national median property tax rate of 0.99%. Understanding these factors can help homeowners budget effectively and explore potential savings through appeals or exemptions.
Average Greensboro Tax Bill
$2,932
Average Greene County Tax Bill
$2,218
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Greensboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30642 | $426 | $998 | $2,932 | $5,344 | $9,478 |
Source: Ownwell