Hillsboro, Georgia Property Taxes
The median property tax rate in Hillsboro, GA is 1.09%, slightly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Hillsboro at $111,755, the typical annual property tax bill reaches $1,213, which is below the national median of $2,690. Property taxes in Hillsboro 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 Hillsboro'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 Hillsboro 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
Hillsboro, 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 Hillsboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hillsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hillsboro 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 Hillsboro, Georgia
Property taxes in Hillsboro, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hillsboro stands at 1.09%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Hillsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hillsboro 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 Hillsboro's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31038 zip code has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Hillsboro provides valuable insights into the varying tax landscape across Jasper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hillsboro Tax Rate
1.09%
Average Jasper County Tax Rate
1.10%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hillsboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31038 | 0.55% | 0.89% | 1.09% | 1.26% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Hillsboro, Georgia
In Hillsboro, 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 Jasper 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 Hillsboro, 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. The median home price in Hillsboro stands at $111,755, with tax bills ranging significantly. For example, the 25th percentile tax bill is $671, while the 75th percentile tax bill is $2,142, and the 90th percentile tax bill is $3,092. The zip code 31038 has the highest and lowest median tax bill, both at $1,213. 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 Hillsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hillsboro Assessed Value
$111,755
Average Jasper County Assessed Value
$170,400
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hillsboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31038 | $15,360 | $50,490 | $111,755 | $229,675 | $369,200 |
Source: Ownwell
Property Tax Bills Across Hillsboro, Georgia
In Hillsboro, located in Jasper 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 property tax bill. For instance, the median home price in Hillsboro is $111,755. Homeowners can expect varying tax bills, with the 25th percentile around $671, the 75th percentile at $2,142, and the 90th percentile reaching up to $3,092. These figures indicate that property taxes can significantly impact household budgets, particularly for homes assessed at higher values. Compared to the national median property tax rate of 0.99%, Hillsboro's tax rates may vary, affecting how much homeowners ultimately pay. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Hillsboro Tax Bill
$1,213
Average Jasper County Tax Bill
$1,844
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Hillsboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31038 | $255 | $671 | $1,213 | $2,142 | $3,092 |
Source: Ownwell