Cordele, Georgia Property Taxes
The median property tax rate in Cordele, GA is 1.17%, which is higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $81,938 in Cordele, the typical annual property tax bill amounts to $987, which is lower than the national median of $2,690. Property taxes in Cordele are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Cordele's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Cordele or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cordele, 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 Cordele Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cordele with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cordele 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 Cordele, Georgia
Property taxes in Cordele, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cordele is 1.17%, which is higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Cordele set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cordele 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 Cordele's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31015 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these areas compare with Cordele provides valuable insights into the varying tax landscape across Wilcox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cordele Tax Rate
1.17%
Average Wilcox County Tax Rate
1.17%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cordele, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31015 | 0.81% | 1.13% | 1.17% | 1.21% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Cordele, Georgia
In Cordele, 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 Wilcox 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 Cordele, 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 Cordele helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in this area is $81,938, with the median tax bill in the 25th percentile being $762 and in the 75th percentile being $1,793. The highest and lowest median tax bills in Cordele are both $987, found in the 31015 zip code.
Average Cordele Assessed Value
$81,938
Average Wilcox County Assessed Value
$55,379
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cordele, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31015 | $34,313 | $61,972 | $81,938 | $135,343 | $189,484 |
Source: Ownwell
Property Tax Bills Across Cordele, Georgia
Property tax bills in Cordele, located in Wilcox County, GA, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, homeowners in Cordele can expect a median property tax bill of approximately $987, which is relatively modest compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's location, market conditions, and any applicable exemptions. Homeowners in the 25th percentile pay around $762, while those in the 75th percentile see bills closer to $1793. At the 90th percentile, tax bills can reach up to $2296. These variations highlight the impact of property values and local tax rates on homeowners' financial obligations. Understanding these elements can help homeowners better anticipate their annual property tax expenses and plan their finances accordingly.
Average Cordele Tax Bill
$987
Average Wilcox County Tax Bill
$650
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Cordele, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31015 | $568 | $762 | $987 | $1,793 | $2,296 |
Source: Ownwell