Savannah, Georgia Property Taxes
The median property tax rate in Savannah, GA is 0.96%, slightly lower than the national median of 0.99% and also below the Georgia state median of 1.08%. With the median home value in Savannah at $200,100, the typical annual property tax bill is approximately $1,731, which is less than the national median of $2,690. Property taxes in Savannah are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Savannah'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 Savannah 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
Savannah, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$1,921
$1,783
Ownwell’s Savannah Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Savannah with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Savannah to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. If you’re looking to explore trends on a neighborhood level, scroll down for more localized information. Your property’s assessed value is the value assigned by Chatham County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Savannah, Georgia
Property taxes in Savannah, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Savannah is 0.96%, slightly below both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Savannah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Savannah 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 Savannah's effective property tax rate to other areas in Chatham County and the national median. For comparison, the 31302 zip code has the highest median property tax rate of 1.10%, while the 31404 zip code has the lowest median tax rate of 0.84%. Understanding how these areas compare with Savannah provides valuable insights into the varying tax landscape across Chatham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Savannah Tax Rate
0.96%
Average Chatham County Tax Rate
0.97%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Savannah, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31302 | 0.84% | 0.94% | 1.10% | 1.26% | 1.36% |
| 31401 | 0.37% | 0.70% | 0.93% | 1.05% | 1.20% |
| 31404 | 0.28% | 0.58% | 0.84% | 0.99% | 1.11% |
| 31405 | 0.38% | 0.71% | 0.97% | 1.10% | 1.23% |
| 31406 | 0.36% | 0.70% | 0.94% | 1.12% | 1.26% |
| 31407 | 0.38% | 0.90% | 1.00% | 1.07% | 1.10% |
| 31408 | 0.30% | 0.72% | 0.95% | 1.13% | 1.23% |
| 31409 | N/A | N/A | N/A | N/A | N/A |
| 31410 | 0.52% | 0.74% | 1.00% | 1.17% | 1.25% |
| 31411 | 0.51% | 0.89% | 1.03% | 1.13% | 1.20% |
| 31415 | 0.40% | 0.77% | 0.98% | 1.11% | 1.70% |
| 31419 | 0.45% | 0.79% | 0.99% | 1.10% | 1.23% |
| 31421 | 0.82% | 1.01% | 1.07% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Savannah, Georgia
In Savannah, 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 Chatham 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 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. In Savannah, the median home price is $200,100. The highest median tax bill is found in zip code 31411 at $5,509, while the lowest median tax bill is in zip code 31415 at $482. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Savannah Assessed Value
$200,100
Average Chatham County Assessed Value
$207,800
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Savannah, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31302 | $29,620 | $40,150 | $50,000 | $114,000 | $222,000 |
| 31401 | $115,000 | $191,600 | $328,600 | $515,000 | $837,080 |
| 31404 | $73,050 | $97,000 | $129,150 | $182,100 | $275,450 |
| 31405 | $49,740 | $97,200 | $204,300 | $328,600 | $465,420 |
| 31406 | $96,000 | $127,725 | $181,400 | $282,300 | $470,850 |
| 31407 | $159,900 | $194,875 | $240,400 | $290,000 | $341,660 |
| 31408 | $52,100 | $79,175 | $120,050 | $165,150 | $205,090 |
| 31409 | N/A | N/A | N/A | N/A | N/A |
| 31410 | $164,400 | $215,100 | $283,400 | $394,100 | $612,200 |
| 31411 | $358,460 | $429,800 | $567,400 | $739,100 | $950,960 |
| 31415 | $16,300 | $34,906 | $59,900 | $93,125 | $135,000 |
| 31419 | $113,100 | $147,800 | $192,000 | $251,100 | $330,900 |
| 31421 | $247,100 | $249,700 | $343,100 | $403,050 | $474,760 |
Source: Ownwell
Property Tax Bills Across Savannah, Georgia
In Savannah, Chatham County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $200,100, the tax bill can vary significantly. Homeowners in the 25th percentile might pay around $927, while those in the 75th percentile could see bills as high as $2,986. At the 90th percentile, tax bills can reach up to $5,066. The highest median tax bill in the region is $5,509 in the 31411 zip code, contrasting sharply with the lowest median tax bill of $482 in the 31415 zip code. These variations illustrate how property location and home value can significantly impact tax obligations. Understanding these factors helps homeowners anticipate and plan for their annual property tax expenses.
Average Savannah Tax Bill
$1,731
Average Chatham County Tax Bill
$1,873
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Savannah, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31302 | $398 | $460 | $563 | $666 | $728 |
| 31401 | $662 | $1,401 | $2,858 | $4,667 | $7,509 |
| 31404 | $329 | $618 | $962 | $1,432 | $2,256 |
| 31405 | $350 | $683 | $1,694 | $3,059 | $4,740 |
| 31406 | $585 | $980 | $1,523 | $2,524 | $4,583 |
| 31407 | $917 | $1,699 | $2,284 | $2,810 | $3,330 |
| 31408 | $308 | $590 | $1,002 | $1,456 | $1,978 |
| 31409 | N/A | N/A | N/A | N/A | N/A |
| 31410 | $1,180 | $1,790 | $2,555 | $3,836 | $6,162 |
| 31411 | $2,657 | $3,837 | $5,509 | $7,518 | $9,994 |
| 31415 | $171 | $285 | $482 | $790 | $1,203 |
| 31419 | $640 | $1,196 | $1,743 | $2,487 | $3,304 |
| 31421 | $2,119 | $2,709 | $3,529 | $3,761 | $4,291 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Tax Bill | |
| Issued | September 1 |
| Due Date #1 | September 15 |
| Due Date #2 | November 15 |
Links | |
|---|---|
| Chatham Assessor's Office | |
| Website | www.chathamtax.org |