Shellman, Georgia Property Taxes
The median property tax rate in Shellman, GA is 1.38%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Shellman, the typical annual property tax bill reaches $2,076, which is below the national median of $2,690. Property taxes in Shellman 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 Shellman'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 Shellman 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
Shellman, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$2,084
$1,934
Ownwell’s Shellman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shellman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shellman 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 Shellman, Georgia
Property taxes in Shellman, Georgia, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shellman is 1.38%, notably higher than the U.S. national median of 0.99%. Local government entities within Shellman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shellman 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 Shellman's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 39886 has both the highest and lowest median property tax rate of 1.38%. Understanding how these cities compare with Shellman provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shellman Tax Rate
1.38%
Average Calhoun County Tax Rate
1.83%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shellman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39886 | 1.35% | 1.37% | 1.38% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Shellman, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Shellman, 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 Calhoun 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. Assessment notices in Shellman 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. The median home price in Shellman is $151,044, with property tax bills ranging from $930 at the 25th percentile to $5,900 at the 90th percentile. The highest and lowest median tax bills are both found in the 39886 zip code, amounting to $2,076. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Shellman Assessed Value
$151,044
Average Calhoun County Assessed Value
$50,327
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shellman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39886 | $46,024 | $68,529 | $151,044 | $315,583 | $425,755 |
Source: Ownwell
Property Tax Bills Across Shellman, Georgia
In Shellman, located in Calhoun County, GA, property tax bills are calculated based on the assessed value of the property. The assessed value is typically a percentage of the market value, determined by local assessors. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $151,044, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Several factors influence the final tax bill, including property location, market conditions, and any applicable exemptions or deductions. The tax bill can range significantly; for instance, the 25th percentile tax bill is around $930, while the 75th percentile reaches $4,373, and the 90th percentile can be as high as $5,900. These variations highlight the importance of accurate assessments and understanding local tax rates. Homeowners in Shellman should be aware of these factors as they directly impact their annual financial obligations.
Average Shellman Tax Bill
$2,076
Average Calhoun County Tax Bill
$866
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Shellman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39886 | $626 | $930 | $2,076 | $4,373 | $5,900 |
Source: Ownwell