Portal, Georgia Property Taxes
The median property tax rate in Portal, GA is 0.97%, slightly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Portal at $124,390, the typical annual property tax bill amounts to $1,263, which is below the national median of $2,690. Property taxes in Portal are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Portal'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 Portal or another part of Bulloch County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Portal, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,207
$1,172
Ownwell’s PORTAL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PORTAL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PORTAL 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 Portal, Georgia
Property taxes in Portal, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Portal is 0.97%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Portal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Portal 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 Portal's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30450 zip code has both the highest and lowest median property tax rate in the county, standing at 0.97%. Understanding how these cities compare with Portal provides valuable insights into the varying tax landscape across Bulloch County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Portal Tax Rate
0.97%
Average Bulloch County Tax Rate
0.97%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Portal, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30450 | 0.66% | 0.89% | 0.97% | 1.17% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Portal, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Portal, Georgia. 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 Portal, 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 Portal 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 30450 at $1,263, which is also the lowest median tax bill in the area.
Average Portal Assessed Value
$124,390
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 Portal, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30450 | $32,860 | $67,980 | $124,390 | $206,600 | $337,728 |
Source: Ownwell
Property Tax Bills Across Portal, Georgia
In PORTAL, property tax bills are calculated based on the assessed value of a home, which is determined by the Bulloch County tax assessor. The assessed value is a percentage of the market value of the property, and this figure is then multiplied by the local tax rate to determine the tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners, this means that improvements or renovations can lead to higher assessed values and, consequently, higher tax bills. Conversely, declines in the property market can lower assessed values and reduce tax obligations. In PORTAL, the median home price is $124,390. The tax bills vary significantly, with the 25th percentile at $616 and the 75th percentile reaching $1,956. At the 90th percentile, homeowners could see tax bills as high as $2,843. Compared to the national median property tax rate of 0.99%, PORTAL's property taxes offer a varied landscape, impacting homeowners differently based on the assessed value of their properties.
Average Portal Tax Bill
$1,263
Average Bulloch County Tax Bill
$1,868
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Portal, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30450 | $312 | $616 | $1,263 | $1,956 | $2,843 |
Source: Ownwell