Riceboro, Georgia Property Taxes
The median property tax rate in Riceboro, GA is 1.17%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Riceboro, the typical annual property tax bill reaches $711, which is significantly lower than the national median of $2,690. Property taxes in Riceboro 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 Riceboro'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 Riceboro 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
Riceboro, 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 Riceboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Riceboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riceboro 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 Riceboro, Georgia
Property taxes in Riceboro, Georgia, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Riceboro is 1.17%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Riceboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Riceboro 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 Riceboro's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31323 zip code has both the highest and lowest median property tax rate of 1.17%. Understanding how these areas compare with Riceboro provides valuable insights into the varying tax landscape across McIntosh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Riceboro Tax Rate
1.17%
Average Mcintosh County Tax Rate
1.11%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Riceboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31323 | 0.51% | 0.79% | 1.17% | 1.33% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Riceboro, Georgia
In Riceboro, 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 McIntosh 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 Riceboro, 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 Riceboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Riceboro's 31323 zip code are both $711, which is significantly lower than the national median property tax rate of 0.99%.
Average Riceboro Assessed Value
$65,260
Average Mcintosh County Assessed Value
$120,250
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Riceboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31323 | $14,800 | $34,500 | $65,260 | $122,725 | $234,950 |
Source: Ownwell
Property Tax Bills Across Riceboro, Georgia
Property tax bills in Riceboro, located in McIntosh County, GA, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Riceboro is $65,260. To determine the tax bill, the local tax rate is applied to the assessed value. For example, a homeowner in the 25th percentile might pay around $386 annually, while those in the 75th percentile could see bills of up to $1,195. At the higher end, the 90th percentile tax bill reaches approximately $2,140. Several factors influence these tax bills, including property size, location, and any applicable exemptions. These variables can cause significant variations in tax amounts, impacting homeowners differently. Compared to the national median property tax rate of 0.99%, Riceboro's tax rates offer a relatively moderate range of tax bills, making it essential for homeowners to understand their property's assessed value and the local tax rate. This knowledge helps them anticipate their annual tax obligations more accurately.
Average Riceboro Tax Bill
$711
Average Mcintosh County Tax Bill
$994
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Riceboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31323 | $163 | $386 | $711 | $1,195 | $2,140 |
Source: Ownwell