Oglethorpe, Georgia Property Taxes
The median property tax rate in Oglethorpe, GA is 1.16%, higher than both the national median of 0.99% and Georgia's state median of 1.08%. With a median home value of $45,060 in Oglethorpe, the typical annual property tax bill amounts to $621, which is considerably lower than the national median of $2,690. Property taxes in Oglethorpe are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Oglethorpe'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 Oglethorpe or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oglethorpe, 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 Oglethorpe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oglethorpe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oglethorpe 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 Oglethorpe, Georgia
Property taxes in Oglethorpe, Georgia, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Oglethorpe is 1.16%, which is higher than the U.S. national median of 0.99%. Local government entities within Oglethorpe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oglethorpe 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 Oglethorpe's effective property tax rate to other regions in Georgia and the national median. For comparison, the zip code 31068 has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these areas compare with Oglethorpe provides valuable insights into the varying tax landscape across Macon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oglethorpe Tax Rate
1.16%
Average Macon County Tax Rate
1.60%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oglethorpe, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31068 | 1.16% | 1.16% | 1.16% | 1.72% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Oglethorpe, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Oglethorpe, Georgia. 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 Macon 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 Oglethorpe 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 31068, with a median tax bill of $621.00, while the same zip code sees the lowest median tax bill.
Average Oglethorpe Assessed Value
$45,060
Average Macon County Assessed Value
$51,453
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oglethorpe, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31068 | $7,797 | $21,590 | $45,060 | $86,412 | $161,484 |
Source: Ownwell
Property Tax Bills Across Oglethorpe, Georgia
In Oglethorpe, located in Macon County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Oglethorpe stands at $45,060, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property improvements, neighborhood developments, and market trends can influence the assessed value, subsequently affecting the tax bill. Homeowners in Oglethorpe can expect property tax bills that vary significantly. For instance, the tax bill at the 25th percentile is $285, while at the 75th percentile, it rises to $1,126. The 90th percentile sees tax bills as high as $2,132. The median tax bill in the area is $621, which is notably lower than the national median property tax rate of 0.99%. These variations highlight the importance of understanding local property assessments and the potential financial impact on homeowners.
Average Oglethorpe Tax Bill
$621
Average Macon County Tax Bill
$732
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Oglethorpe, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31068 | $104 | $285 | $621 | $1,126 | $2,132 |
Source: Ownwell