Folkston, Georgia Property Taxes
The median property tax rate in Folkston, GA is 1.13%, slightly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Folkston being $92,308, the typical annual property tax bill reaches $903, which is below the national median of $2,690. Property taxes in Folkston are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Folkston'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 Folkston or another part of Charlton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Folkston, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Folkston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Folkston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Folkston 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 Folkston, Georgia
Property taxes in Folkston, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Folkston is 1.13%, which is significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Folkston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Folkston 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 Folkston's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31537 has both the highest and lowest median property tax rate of 1.13%. Understanding how these cities compare with Folkston provides valuable insights into the varying tax landscape across Charlton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Folkston Tax Rate
1.13%
Average Charlton County Tax Rate
1.15%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Folkston, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31537 | 0.47% | 0.85% | 1.13% | 1.26% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Folkston, Georgia
In Folkston, 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 Charlton 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 Folkston, 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. The median home price in Folkston is $92,308, with tax bills ranging from $370 at the 25th percentile to $2,669 at the 90th percentile. The zip code 31537 has both the highest and lowest median tax bill at $903. By understanding 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 Folkston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Folkston Assessed Value
$92,308
Average Charlton County Assessed Value
$84,400
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Folkston, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31537 | $20,540 | $38,119 | $92,308 | $176,050 | $259,130 |
Source: Ownwell
Property Tax Bills Across Folkston, Georgia
In Folkston, located in Charlton County, GA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value of the home. For instance, if a home has a market value of $92,308, the assessed value might be a fraction of this amount, depending on local regulations. The tax rate, which varies by location, is then applied to this assessed value to calculate the tax bill. In Folkston, the median property tax bill is $903, which is significantly lower than the national median property tax rate of 0.99%. Homeowners in the lower 25th percentile can expect to pay around $370, while those in the 75th percentile may see bills as high as $1,835. The highest tax bills, in the 90th percentile, can reach up to $2,669. These factors combined influence the overall property tax burden for homeowners, impacting their annual expenses and financial planning.
Average Folkston Tax Bill
$903
Average Charlton County Tax Bill
$828
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Folkston, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31537 | $149 | $370 | $903 | $1,835 | $2,669 |
Source: Ownwell