Omaha, Georgia Property Taxes
The median property tax rate in Omaha, Georgia is 1.06%, slightly higher than the national median of 0.99% but marginally lower than Georgia's state median of 1.08%. With a median home value of $44,068 in Omaha, the typical annual property tax bill amounts to $405, which is significantly below the national median of $2,690. Property taxes in Omaha are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Omaha'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 Omaha 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
Omaha, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$467
$454
Ownwell’s Omaha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Omaha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Omaha 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 Omaha, Georgia
Property taxes in Omaha, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Omaha is 1.06%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Omaha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Omaha 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 Omaha's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31821 zip code has the highest median property tax rate of 1.06%, while the 31821 zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Omaha provides valuable insights into the varying tax landscape across Stewart County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Omaha Tax Rate
1.06%
Average Stewart County Tax Rate
1.06%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Omaha, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31821 | 0.72% | 0.84% | 1.06% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Omaha, Georgia
In OMAHA, 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 Stewart 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 OMAHA, 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. For instance, the median home price in OMAHA is $44,068, with tax bills ranging from $190 at the 25th percentile to $2,132 at the 90th percentile. 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 OMAHA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Omaha Assessed Value
$44,068
Average Stewart County Assessed Value
$39,600
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Omaha, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31821 | $9,865 | $20,620 | $44,068 | $96,725 | $244,680 |
Source: Ownwell
Property Tax Bills Across Omaha, Georgia
In Omaha, Stewart County, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $44,068. Local tax authorities apply a specific tax rate to this assessed value to determine the annual property tax bill. For example, homeowners in the 25th percentile pay around $190 annually, while those in the 75th percentile pay approximately $940. At the 90th percentile, the tax bill can reach up to $2,132. Factors influencing property tax bills include the home's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes fund essential public services such as schools, roads, and emergency services. Compared to the national median property tax rate of 0.99%, the tax rates in Omaha can be relatively manageable, making it an attractive option for homeowners. However, the variability in tax bills means that some homeowners may face higher costs depending on their property's assessed value and location within the county.
Average Omaha Tax Bill
$405
Average Stewart County Tax Bill
$383
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Omaha, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31821 | $78 | $190 | $405 | $940 | $2,132 |
Source: Ownwell