Stephens, Georgia Property Taxes
The median property tax rate in Stephens, GA is 1.21%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Stephens at $126,300, the typical annual property tax bill reaches $1,474, exceeding the national median of $2,690. Property taxes in Stephens 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 Stephens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Stephens 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
Stephens, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,528
$1,484
Ownwell’s Stephens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stephens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stephens 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 Stephens, Georgia
Property taxes in Stephens, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stephens is 1.21%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Stephens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stephens 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 Stephens' effective property tax rate to other counties in Georgia and the national median. For comparison, the 30667 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Stephens provides valuable insights into the varying tax landscape across Oglethorpe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stephens Tax Rate
1.21%
Average Oglethorpe County Tax Rate
1.21%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stephens, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30667 | 1.02% | 1.21% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Stephens, Georgia
In Stephens, 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 Oglethorpe County Tax Assessor's Office 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 Stephens, 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 Stephens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,474, found in zip code 30667.
Average Stephens Assessed Value
$126,300
Average Oglethorpe County Assessed Value
$151,500
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stephens, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30667 | $31,135 | $54,075 | $126,300 | $223,510 | $375,592 |
Source: Ownwell
Property Tax Bills Across Stephens, Georgia
In Stephens, located in Oglethorpe County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in this area experience a range of tax bills, influenced by factors such as property size, location, and any applicable exemptions. The median home price in Stephens is $126,300, which serves as a baseline for determining tax obligations. For instance, the tax bill at the 25th percentile is approximately $635, while at the 75th percentile, it rises to about $2,568. At the 90th percentile, homeowners might see tax bills as high as $4,523. These values indicate significant variability, reflecting differences in property values and individual assessments. Comparatively, the national median property tax rate stands at 0.99%, positioning Stephens within a broader context. Understanding these factors is crucial for homeowners, as it directly impacts their annual financial planning and long-term investment in their property.
Average Stephens Tax Bill
$1,474
Average Oglethorpe County Tax Bill
$1,776
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Stephens, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30667 | $367 | $635 | $1,474 | $2,568 | $4,523 |
Source: Ownwell