Colquitt, Georgia Property Taxes
The median property tax rate in Colquitt, GA is 0.92%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $62,081 in Colquitt, the typical annual property tax bill amounts to $565, significantly below the national median of $2,690. Property taxes in Colquitt 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 Colquitt's property tax system, exploring available exemptions, and identifying potential reductions can lead to substantial annual savings. Whether residing in the heart of Colquitt or its surrounding areas, homeowners and real estate investors alike can greatly benefit from comprehending the local property tax framework.
Last Updated June 14, 2024
Colquitt, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$571
$555
Ownwell’s Colquitt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Colquitt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Colquitt 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 Colquitt, Georgia
Property taxes in Colquitt, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Colquitt is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Colquitt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Colquitt 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 Colquitt's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 39837 has both the highest and the lowest median property tax rate of 0.92%. Understanding how these figures compare with Colquitt provides valuable insights into the varying tax landscape across Baker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Colquitt Tax Rate
0.92%
Average Baker County Tax Rate
0.99%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Colquitt, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39837 | 0.85% | 0.87% | 0.92% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Colquitt, Georgia
In Colquitt, 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 Baker 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 Colquitt, 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 Colquitt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Colquitt is $565 in the 39837 zip code, while the lowest is also $565 in the same zip code.
Average Colquitt Assessed Value
$62,081
Average Baker County Assessed Value
$64,678
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Colquitt, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39837 | $11,947 | $27,724 | $62,081 | $112,798 | $316,713 |
Source: Ownwell
Property Tax Bills Across Colquitt, Georgia
In Colquitt, property tax bills are calculated based on the assessed value of your property, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of your home. For example, in Colquitt, the median home price is $62,081. Various factors such as location, property size, and improvements are considered to determine this assessed value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For instance, homeowners in Colquitt can expect their tax bills to vary significantly, with the 25th percentile at $302, the 75th percentile at $978, and the 90th percentile reaching up to $3,096. Comparatively, the national median property tax rate is 0.99%, making Colquitt's tax rates relatively moderate. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners must budget for these taxes, as they are a recurring annual expense.
Average Colquitt Tax Bill
$565
Average Baker County Tax Bill
$615
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Colquitt, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39837 | $159 | $302 | $565 | $978 | $3,096 |
Source: Ownwell