Hillsboro, Georgia Property Taxes
The median property tax rate in Hillsboro, GA is 0.45%, significantly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Hillsboro, the typical annual property tax bill reaches $458, which is well below the national median of $2,690. Property taxes in Hillsboro 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 Hillsboro'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 Hillsboro 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
Hillsboro, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$525
$510
Ownwell’s Hillsboro Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hillsboro with just two simple inputs. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hillsboro to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities and plan accordingly. For those interested in more localized insights, additional neighborhood-level trends are available further down the page. Your property's assessed value is determined by the county for tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Hillsboro, Georgia
Property taxes in Hillsboro, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hillsboro is 0.45%, which is lower than the U.S. national median of 0.99%. Local government entities within Hillsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hillsboro 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 Hillsboro's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31038 has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these cities compare with Hillsboro provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hillsboro Tax Rate
0.45%
Average Putnam County Tax Rate
0.75%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hillsboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31038 | 0.20% | 0.31% | 0.45% | 0.85% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Hillsboro, Georgia
In Hillsboro, 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 local 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 Hillsboro, 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 Hillsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $458.00, found in the 31038 zip code.
Average Hillsboro Assessed Value
$116,648
Average Putnam County Assessed Value
$222,449
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hillsboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31038 | $22,725 | $86,122 | $116,648 | $163,519 | $225,092 |
Source: Ownwell
Property Tax Bills Across Hillsboro, Georgia
Property tax bills in Hillsboro, located in Putnam County, GA, are calculated based on the assessed value of a property, which is typically a percentage of its market value. For homeowners in Hillsboro, the median home price is $116,648. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, subsequently affecting the tax amount. In Hillsboro, the property tax bills vary significantly. The 25th percentile tax bill is $218, while the 75th percentile reaches $734. For the top 10% of homeowners, tax bills can go up to $1,101. The highest median tax bill in the area is $458, which is relatively low compared to the national median property tax rate of 0.99%. These variations can impact homeowners differently, with higher-valued properties facing steeper tax bills. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan accordingly.
Average Hillsboro Tax Bill
$458
Average Putnam County Tax Bill
$1,336
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Hillsboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31038 | $115 | $218 | $458 | $734 | $1,101 |
Source: Ownwell