Alma, Georgia Property Taxes
The median property tax rate in Alma, GA is 1.11%, which is higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $25,947 in Alma, the typical annual property tax bill comes to $276, still below the national median of $2,690. Property taxes in Alma 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 Alma'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 Alma or another part of Jeff Davis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alma, 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 Alma Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Alma. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Alma to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, helping you make informed financial decisions. For those interested in more localized trends, additional neighborhood-level information is available below. Your property's assessed value, determined by the county, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Alma, Georgia
Property taxes in Alma, Georgia, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alma is 1.11%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Alma set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alma 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 Alma's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31510 has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Alma provides valuable insights into the varying tax landscape across Jeff Davis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alma Tax Rate
1.11%
Average Jeff Davis County Tax Rate
1.18%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alma, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31510 | 1.05% | 1.07% | 1.11% | 1.14% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Alma, Georgia
In Alma, 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 Jeff Davis 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. 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 Alma helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills is 31510, with a median tax bill of $276.
Average Alma Assessed Value
$25,947
Average Jeff Davis County Assessed Value
$64,199
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alma, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31510 | $11,949 | $17,198 | $25,947 | $34,696 | $39,945 |
Source: Ownwell
Property Tax Bills Across Alma, Georgia
In Alma, located in Jeff Davis County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is typically a percentage of the market value of the property. For instance, with a median home price of $25,947, the property tax bill can vary significantly. Homeowners in Alma can expect their property tax bills to fall within a range, with the 25th percentile at $187 and the 75th percentile at $364, reflecting the variation in property values and individual assessments. At the 90th percentile, the tax bill can reach up to $417. Compared to the national median property tax rate of 0.99%, Alma's property taxes are relatively modest, offering some relief to homeowners. Factors such as property improvements, neighborhood changes, and local tax rates influence these amounts, impacting how much residents ultimately pay. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances accordingly.
Average Alma Tax Bill
$276
Average Jeff Davis County Tax Bill
$803
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Alma, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31510 | $135 | $187 | $276 | $364 | $417 |
Source: Ownwell