Garfield, Georgia Property Taxes
The median property tax rate in Garfield, GA is 0.95%, slightly lower than the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Garfield at $213,180, the typical annual property tax bill is $1,584, which is significantly below the national median of $2,690. Property taxes in Garfield are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Garfield'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 Garfield or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Garfield, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$2,025
$1,967
Ownwell’s Garfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garfield 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 Garfield, Georgia
Property taxes in Garfield, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garfield is 0.95%, which is lower than both the Georgia state median of 1.01% and the U.S. national median of 0.99%. Local government entities within Garfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garfield 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 Garfield's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30425 has both the highest and lowest median property tax rate of 0.95%. Understanding how these areas compare with Garfield provides valuable insights into the varying tax landscape across Jenkins County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Garfield Tax Rate
0.95%
Average Bulloch County Tax Rate
0.97%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garfield, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30425 | 0.49% | 0.75% | 0.95% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Garfield, Georgia
In Garfield, 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 Bulloch 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 Garfield, 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 Garfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 30425 at $1,584, which is significantly above the national median property tax rate of 0.99%.
Average Garfield Assessed Value
$213,180
Average Bulloch County Assessed Value
$190,800
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garfield, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30425 | $51,140 | $124,050 | $213,180 | $289,650 | $405,372 |
Source: Ownwell
Property Tax Bills Across Garfield, Georgia
In Garfield, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For example, if a home in Garfield has a median market value of $213,180, the assessed value would be a fraction of this amount, depending on the local assessment ratio. Once the assessed value is established, the local tax rate is applied to determine the annual tax bill. Factors such as property location, size, and any applicable exemptions play a role in the final calculation. In Garfield, property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $842, while at the 75th percentile, it reaches $2,436. Homeowners at the 90th percentile may see tax bills as high as $3,325. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for Garfield residents.
Average Garfield Tax Bill
$1,584
Average Bulloch County Tax Bill
$1,868
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Garfield, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30425 | $429 | $842 | $1,584 | $2,436 | $3,325 |
Source: Ownwell