Georgetown, Georgia Property Taxes
The median property tax rate in Georgetown, GA is 1.42%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Georgetown at $68,440, the typical annual property tax bill reaches $969, which is below the national median of $2,690. Property taxes in Georgetown 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 Georgetown'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 Georgetown or another part of Randolph County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Georgetown, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$972
$944
Ownwell’s Georgetown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Georgetown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Georgetown 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 Georgetown, Georgia
Property taxes in Georgetown, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Georgetown is 1.42%, notably higher than the U.S. national median of 0.99%. Local government entities within Georgetown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Georgetown 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 Georgetown's effective property tax rate to other counties in Georgia and the national median. For comparison, the 39854 zip code has the highest median property tax rate of 1.42%, while the same zip code has the lowest median tax rate of 1.42%. Understanding how these cities compare with Georgetown 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 Georgetown Tax Rate
1.42%
Average Randolph County Tax Rate
1.42%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Georgetown, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39854 | 1.42% | 1.42% | 1.42% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Georgetown, Georgia
In Georgetown, 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 Georgetown, 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 Georgetown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 39854, both standing at $969.
Average Georgetown Assessed Value
$68,440
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 Georgetown, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39854 | $68,440 | $68,440 | $68,440 | $68,440 | $68,440 |
Source: Ownwell
Property Tax Bills Across Georgetown, Georgia
In Georgetown, located in Randolph County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Georgetown is $68,440. Homeowners in this area can expect a median property tax bill of $969, which is consistent across various percentiles, including the 25th, 75th, and 90th percentiles. This uniform tax bill suggests a standardized approach to property tax assessment in the region. The property tax rate in Georgetown is significantly higher when compared to the national median property tax rate of 0.99%. This can impact homeowners by increasing their annual housing costs, potentially affecting affordability. Factors such as local government budgets, school funding, and public services contribute to the determination of property tax rates. Homeowners should be aware of these factors as they directly influence the amount they owe each year. Understanding how these elements interplay can help homeowners better manage their financial planning and obligations.
Average Georgetown Tax Bill
$969
Average Randolph County Tax Bill
$899
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Georgetown, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39854 | $969 | $969 | $969 | $969 | $969 |
Source: Ownwell