Griffin, Georgia Property Taxes
The median property tax rate in Griffin, GA is 1.27%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Griffin, the typical annual property tax bill reaches $2,676, just below the national median of $2,690. Property taxes in Griffin 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 Griffin'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 Griffin 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
Griffin, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$2,711
$2,633
Ownwell’s Griffin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Griffin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Griffin 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 Griffin, Georgia
Property taxes in Griffin, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Griffin is 1.27%, significantly higher than the U.S. national median of 0.99%. Local government entities within Griffin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Griffin 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 Griffin's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30224 has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Griffin provides valuable insights into the varying tax landscape across Lamar County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Griffin Tax Rate
1.27%
Average Lamar County Tax Rate
1.27%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Griffin, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30224 | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Griffin, Georgia
In Griffin, 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 Lamar 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 Griffin, 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 Griffin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 30224, with a median bill of $2,676, while the lowest median tax bill is also in zip code 30224, at $2,676.
Average Griffin Assessed Value
$213,490
Average Lamar County Assessed Value
$156,221
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Griffin, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30224 | $65,469 | $177,758 | $213,490 | $251,846 | $346,554 |
Source: Ownwell
Property Tax Bills Across Griffin, Georgia
In Griffin, GA, located in Spalding County, property tax bills are determined by assessing the market value of a property and applying the local tax rate. The median home price in Griffin is $213,490. Homeowners can expect their tax bill to vary based on the assessed value and applicable exemptions. The 25th percentile tax bill is approximately $2,216, while the 75th percentile tax bill is around $3,133. For those at the higher end, the 90th percentile tax bill reaches up to $4,282. These figures illustrate how property taxes can significantly impact homeowners, with the tax burden increasing in line with property values. Compared to the national median property tax rate of 0.99%, Griffin's property tax rate may vary, influencing the financial planning and budgeting of homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Griffin Tax Bill
$2,676
Average Lamar County Tax Bill
$2,035
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Griffin, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30224 | $763 | $2,216 | $2,676 | $3,133 | $4,282 |
Source: Ownwell