Eastman, Georgia Property Taxes
The median property tax rate in Eastman, GA is 0.95%, slightly lower than both the national median of 0.99% and Georgia's state median of 1.08%. With the median home value in Eastman at $96,330, the typical annual property tax bill is $593, significantly below the national median of $2,690. Property taxes in Eastman are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Eastman's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Eastman 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
Eastman, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$915
$889
Ownwell’s Eastman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eastman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eastman 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 Eastman, Georgia
Property taxes in Eastman, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eastman is 0.95%, which is slightly below the U.S. national median of 0.99%. Local government entities within Eastman set these rates annually, and they can vary across different neighborhoods. Each year, Eastman 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 Eastman's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31023 zip code has both the highest and lowest median property tax rate of 0.95%. Understanding how these cities compare with Eastman provides valuable insights into the varying tax landscape across Pulaski County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eastman Tax Rate
0.95%
Average Pulaski County Tax Rate
1.14%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eastman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31023 | 0.34% | 0.59% | 0.95% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Eastman, Georgia
In Eastman, 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 Pulaski 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 Eastman, 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 Eastman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 31023 has both the highest and lowest median tax bill, recorded at $593.
Average Eastman Assessed Value
$96,330
Average Pulaski County Assessed Value
$73,230
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eastman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31023 | $22,570 | $45,781 | $96,330 | $156,493 | $226,534 |
Source: Ownwell
Property Tax Bills Across Eastman, Georgia
In Eastman, GA, property tax bills are calculated based on the assessed value of your home. The assessed value is a percentage of the market value, determined by the county assessor. This assessed value is then multiplied by the local tax rate to calculate your annual tax bill. Factors like property improvements, market conditions, and neighborhood characteristics can influence the assessed value. For homeowners in Eastman, the median home price stands at $96,330. Property tax bills can vary widely, with the 25th percentile at $264 and the 75th percentile at $1,272. At the 90th percentile, tax bills can reach up to $2,337. The highest and lowest median tax bills in the area are both $593, indicating a consistent rate within the specific ZIP code 31023. Compared to the national median property tax rate of 0.99%, Eastman's rates can offer significant savings, making it an attractive location for homeowners looking to manage their annual property tax expenses effectively.
Average Eastman Tax Bill
$593
Average Pulaski County Tax Bill
$627
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Eastman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31023 | $130 | $264 | $593 | $1,272 | $2,337 |
Source: Ownwell