Griffin, Georgia Property Taxes
The median property tax rate in Griffin, GA, is 1.01%, which is slightly higher than the national median of 0.99% but lower than the Georgia state median of 1.08%. With the median home value in Griffin around $253,173, the typical annual property tax bill is approximately $2,545, just under the national median of $2,690. Property taxes in Griffin are based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Griffin's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Griffin or another part of the city, being well-versed in the local property tax system is highly beneficial.
Last Updated June 14, 2024
Griffin, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$2,557
$2,484
Ownwell’s Griffin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Griffin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Griffin 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 Griffin, Georgia
Property taxes in Griffin, Georgia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Griffin is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Griffin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Griffin 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 Griffin's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30224 zip code has the highest and lowest median property tax rate of 1.01%. Understanding how these areas compare with Griffin provides valuable insights into the varying tax landscape across Butts County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Griffin Tax Rate
1.01%
Average Butts County Tax Rate
0.88%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Griffin, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30224 | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Griffin, Georgia
In Griffin, 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 Butts County Tax Assessor 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 Griffin, 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 Griffin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Griffin is $2,545 in the 30224 zip code, which is also the lowest.
Average Griffin Assessed Value
$253,173
Average Butts County Assessed Value
$229,607
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Griffin, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30224 | $191,188 | $197,325 | $253,173 | $323,268 | $355,051 |
Source: Ownwell
Property Tax Bills Across Griffin, Georgia
In Griffin, Butts County, GA, property tax bills are calculated based on the assessed value of the home, which is typically a percentage of the market value. The county’s tax assessor evaluates the property's market value and then applies an assessment ratio to determine its assessed value. This assessed value is then multiplied by the local millage rate to calculate the property tax owed. For homeowners in Griffin, the median home price is $253,173. Property tax bills vary significantly, with the 25th percentile tax bill at $1,984 and the 75th percentile at $3,250. At the 90th percentile, homeowners might see tax bills as high as $3,570. The highest median tax bill in the area is $2,545, found in the 30224 zip code. These property taxes fund essential local services such as schools, public safety, and infrastructure. Understanding how these factors interplay can help homeowners anticipate their annual financial obligations and plan accordingly.
Average Griffin Tax Bill
$2,545
Average Butts County Tax Bill
$1,937
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Griffin, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30224 | $1,922 | $1,984 | $2,545 | $3,250 | $3,570 |
Source: Ownwell