Coleman, Clay County, Georgia Property Taxes
The median property tax rate in Coleman, GA is 1.32%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Coleman at $107,675, the typical annual property tax bill reaches $1,478, exceeding the national median of $2,690. Property taxes in Coleman 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 Coleman'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 Coleman 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
Coleman, Clay County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$1,421
$1,319
Ownwell’s Coleman Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Coleman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coleman to provide an accurate estimate of your property tax bill. This insightful tool is designed to help you understand your potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Coleman, Clay County, Georgia
Property taxes in Coleman, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coleman is 1.32%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Coleman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coleman 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 Coleman's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 39836 has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Coleman provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coleman Tax Rate
1.32%
Average Clay County Tax Rate
1.36%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coleman, Clay County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39836 | 0.83% | 0.90% | 1.32% | 1.37% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Coleman, Clay County, Georgia
In Coleman, 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 Clay 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 Coleman, 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 Coleman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Coleman, the highest median tax bill is $1,478 in the 39836 zip code, while the lowest median tax bill is also $1,478 in the same zip code.
Property Tax Assessment Values Across Coleman, Clay County, Georgia
Source: Ownwell
$40,250
$89,760
$139,270
Average Coleman Assessed Value
$107,675
Average Clay County Assessed Value
$52,657
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coleman, Clay County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39836 | $16,859 | $34,022 | $107,675 | $177,222 | $231,850 |
Source: Ownwell
Property Tax Bills Across Coleman, Clay County, Georgia
In Coleman, GA, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is typically a percentage of your property's market value. For instance, if your home has a market value of $107,675, the assessed value will be a fraction of this amount, depending on local assessment rates. Once the assessed value is determined, the local tax rate is applied to calculate the tax bill. In Coleman, homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $836, while the 75th percentile reaches $2,188, and the 90th percentile can be as high as $2,843. These figures illustrate the range of what homeowners might owe, influenced by factors such as property value and local tax rates. Compared to the national median property tax rate of 0.99%, Coleman’s tax rates can vary, impacting homeowners differently based on their specific property values and assessments.
Average Coleman Tax Bill
$1,478
Average Clay County Tax Bill
$826
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Coleman, Clay County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39836 | $499 | $836 | $1,478 | $2,188 | $2,843 |
Source: Ownwell