Griffin, Georgia Property Taxes
The median property tax rate in Griffin, GA is 1.20%, 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 at $213,660, the typical annual property tax bill reaches $2,539, which is slightly 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
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Griffin Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Griffin with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Griffin to provide an accurate property tax bill estimate. This valuable tool aids in understanding your potential tax liabilities. For those interested in more granular data, we offer insights into neighborhood-level trends. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Griffin, Georgia
Property taxes in Griffin, Georgia, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Griffin is 1.20%, higher than both the Georgia state median and 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 30224 zip code has the highest median property tax rate of 1.20%, while the 30223 zip code has the lowest median tax rate of 1.20%. Understanding how these cities compare with Griffin provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Griffin Tax Rate
1.20%
Average Pike County Tax Rate
1.20%
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 |
|---|---|---|---|---|---|
| 30223 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
| 30224 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
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 Pike 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. Notably, the highest median tax bill is $2,539 in zip code 30224, while the lowest is $2,388 in zip code 30223.
Average Griffin Assessed Value
$213,660
Average Pike County Assessed Value
$183,516
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 |
|---|---|---|---|---|---|
| 30223 | $102,377 | $138,547 | $198,832 | $259,116 | $295,286 |
| 30224 | $93,177 | $140,980 | $213,660 | $295,948 | $362,041 |
Source: Ownwell
Property Tax Bills Across Griffin, Georgia
In Griffin, Pike County, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location within specific zip codes, which can lead to variations. For instance, the highest median tax bill in Griffin is $2,539 in the 30224 zip code, while the lowest is $2,388 in the 30223 zip code. Homeowners in Griffin can expect their tax bills to fall between $1,674 at the 25th percentile and $4,342 at the 90th percentile, with a median home price of $213,660. These taxes fund local services such as schools, roads, and emergency services, directly impacting community quality and property values. Compared to the national median property tax rate of 0.99%, Griffin's property tax rates can significantly affect household budgets, emphasizing the importance of understanding these factors in managing homeownership costs.
Average Griffin Tax Bill
$2,539
Average Pike County Tax Bill
$2,220
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 |
|---|---|---|---|---|---|
| 30223 | $1,230 | $1,664 | $2,388 | $3,113 | $3,547 |
| 30224 | $1,134 | $1,675 | $2,539 | $3,550 | $4,343 |
Source: Ownwell