Coleman, Georgia Property Taxes
The median property tax rate in Coleman, GA is 1.37%, significantly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Coleman at $88,385, the typical annual property tax bill reaches $1,040, surpassing the national median of $2,690. Property taxes in Coleman are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Coleman'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 Coleman 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
Coleman, 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 Coleman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coleman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coleman 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 Coleman, Georgia
Property taxes in Coleman, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coleman is 1.37%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Coleman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coleman 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 Coleman's effective property tax rate to other counties in Georgia and the national median. For comparison, the 39836 zip code has the highest median property tax rate of 1.37%, while the 39836 zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Coleman provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coleman Tax Rate
1.37%
Average Randolph County Tax Rate
1.42%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coleman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39836 | 0.71% | 0.96% | 1.37% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Coleman, Georgia
In Coleman, 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 Randolph 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 Coleman, 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 Coleman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 39836, with a median tax bill of $1,040.
Average Coleman Assessed Value
$88,385
Average Randolph County Assessed Value
$74,384
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coleman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39836 | $14,310 | $38,618 | $88,385 | $189,750 | $290,543 |
Source: Ownwell
Property Tax Bills Across Coleman, Georgia
In Coleman, Georgia, property tax bills are calculated based on the assessed value of a home, which is determined by the Randolph County tax assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate, also known as the millage rate, is applied to calculate the annual tax bill. Several factors influence the final tax bill, including the home's location, its market value, and any applicable exemptions, such as homestead exemptions for primary residences. For example, the median home price in Coleman is $88,385, and property tax bills can vary significantly. The tax bill at the 25th percentile is $492, while at the 75th percentile, it reaches $2,001. At the 90th percentile, homeowners might pay as much as $3,117 annually. Compared to the national median property tax rate of 0.99%, Coleman's rates can significantly impact homeowners, affecting affordability and long-term financial planning. Understanding these factors is crucial for homeowners to manage their property tax liabilities effectively.
Average Coleman Tax Bill
$1,040
Average Randolph County Tax Bill
$899
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Coleman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39836 | $184 | $492 | $1,040 | $2,001 | $3,117 |
Source: Ownwell