Hoboken, Georgia Property Taxes
The median property tax rate in Hoboken, GA is 1.33%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Hoboken at $91,323, the typical annual property tax bill reaches $1,239, exceeding the national median of $2,690. Property taxes in Hoboken 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 Hoboken'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 Hoboken or another part of Brantley County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hoboken, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,215
$1,127
Ownwell’s Hoboken Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hoboken with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hoboken 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 Hoboken, Georgia
Property taxes in Hoboken, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hoboken is 1.33%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Hoboken set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hoboken 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 Hoboken's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31542 zip code has the highest median property tax rate of 1.33%, while the same 31542 zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Hoboken provides valuable insights into the varying tax landscape across Brantley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hoboken Tax Rate
1.33%
Average Brantley County Tax Rate
1.30%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hoboken, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31542 | 1.17% | 1.26% | 1.33% | 1.45% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Hoboken, Georgia
In Hoboken, 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 Brantley 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 Hoboken, 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 Hoboken helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hoboken is $91,323, with tax bills varying widely. The 25th percentile tax bill is $527, while the 75th percentile is $2,356, and the 90th percentile reaches $3,443. The zip code with the highest median tax bill is 31542, at $1,239, which is also the lowest median tax bill in the area.
Average Hoboken Assessed Value
$91,323
Average Brantley County Assessed Value
$59,670
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hoboken, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31542 | $18,681 | $40,006 | $91,323 | $170,090 | $245,885 |
Source: Ownwell
Property Tax Bills Across Hoboken, Georgia
Property tax bills in Hoboken, located in Brantley County, GA, are determined by assessing the market value of a property and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate set by the local government. For instance, with a median home price of $91,323, homeowners can expect varying tax bills based on their property's assessed value and the applicable tax rate. Factors influencing the tax bill include the property's location, size, and any applicable exemptions. In Hoboken, the tax bill can range significantly, with the 25th percentile at $527 and the 75th percentile at $2,356. The 90th percentile reaches up to $3,443, highlighting the variance in property values and tax rates within the area. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. Homeowners in Hoboken should be aware of these factors as they directly impact their annual financial obligations.
Average Hoboken Tax Bill
$1,239
Average Brantley County Tax Bill
$757
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Hoboken, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31542 | $227 | $527 | $1,239 | $2,356 | $3,443 |
Source: Ownwell