Reynolds, Georgia Property Taxes
The median property tax rate in Reynolds, GA is 1.16%, higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Reynolds being $72,340, the typical annual property tax bill reaches $839, which is significantly lower than the national median of $2,690. Property taxes in Reynolds are calculated based on the assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Reynolds' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Reynolds 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
Reynolds, 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 Reynolds Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reynolds with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reynolds 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 Reynolds, Georgia
Property taxes in Reynolds, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reynolds is 1.16%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Reynolds set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reynolds 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 Reynolds' effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31076 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 cities compare with Reynolds 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 Reynolds 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 Reynolds, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31076 | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Reynolds, Georgia
In Reynolds, 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 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. In Reynolds, the median home price is $72,340, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $404, while the 75th percentile tax bill is $2,394. The highest median tax bill in the area is $839 in zip code 31076. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Reynolds Assessed Value
$72,340
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 Reynolds, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31076 | $15,248 | $34,836 | $72,340 | $206,510 | $583,448 |
Source: Ownwell
Property Tax Bills Across Reynolds, Georgia
Property tax bills in Reynolds, located in Macon County, GA, are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in Reynolds can expect their property tax bills to be influenced by various factors, including the property's assessed value and the local tax rate. The median home price in Reynolds is $72,340, and the median property tax rate in Georgia is typically lower than the national median of 0.99%. For example, the tax bill for a property in the 25th percentile is around $404, while those in the 75th percentile can be as high as $2,394. In some cases, the tax bill can reach up to $6,763 for properties in the 90th percentile. The highest and lowest median tax bills in Reynolds are both $839, indicating a relatively consistent tax burden across the area. Understanding these factors is crucial for homeowners as property tax bills significantly impact annual housing costs. Accurate assessments ensure a fair distribution of the tax burden, helping fund local services and infrastructure.
Average Reynolds Tax Bill
$839
Average Macon County Tax Bill
$732
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Reynolds, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31076 | $177 | $404 | $839 | $2,394 | $6,763 |
Source: Ownwell