Homerville, Georgia Property Taxes
The median property tax rate in Homerville, GA is 1.29%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Homerville, the typical annual property tax bill reaches $619, which is significantly lower than the national median of $2,690. Property taxes in Homerville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Homerville'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 Homerville or another part of Clinch County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Homerville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$654
$607
Ownwell’s Homerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Homerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Homerville 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 Homerville, Georgia
Property taxes in Homerville, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Homerville is 1.29%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Homerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Homerville 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 Homerville's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31634 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Homerville provides valuable insights into the varying tax landscape across Clinch County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Homerville Tax Rate
1.29%
Average Clinch County Tax Rate
1.30%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Homerville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31634 | 0.86% | 1.17% | 1.29% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Homerville, Georgia
In Homerville, 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 Clinch 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 Homerville, 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 Homerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $619, found in the 31634 zip code.
Average Homerville Assessed Value
$50,700
Average Clinch County Assessed Value
$46,800
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Homerville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31634 | $14,070 | $26,170 | $50,700 | $92,800 | $166,218 |
Source: Ownwell
Property Tax Bills Across Homerville, Georgia
In Homerville, Clinch County, GA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the home. For instance, with a median home price of $50,700, the assessed value forms the basis for calculating the annual tax bill. The tax rate, applied to this assessed value, determines the final tax amount owed by homeowners. Various factors influence the tax bill, including the property's location, size, and any applicable exemptions. In Homerville, the tax bill can vary significantly. The 25th percentile tax bill is $289, while the 75th percentile reaches $1,169, and the 90th percentile can go up to $2,032. Homeowners in the zip code 31634 face a median tax bill of $619, which is below the national median property tax rate of 0.99%. These taxes fund essential local services, including schools, public safety, and infrastructure, impacting the overall quality of life for residents.
Average Homerville Tax Bill
$619
Average Clinch County Tax Bill
$564
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Homerville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31634 | $145 | $289 | $619 | $1,169 | $2,032 |
Source: Ownwell