Broxton, Georgia Property Taxes
The median property tax rate in Broxton, GA is 0.89%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Broxton at $52,124, the typical annual property tax bill is around $436, significantly below the national median of $2,690. Property taxes in Broxton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Broxton'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 Broxton 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
Broxton, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$464
$430
Ownwell’s Broxton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Broxton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Broxton 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 Broxton, Georgia
Property taxes in Broxton, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Broxton is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Broxton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Broxton 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 Broxton's effective property tax rate to other areas in Coffee County and the national median. For comparison, the zip code 31519 has both the highest and lowest median property tax rate of 0.89%. Understanding how these areas compare with Broxton provides valuable insights into the varying tax landscape across Coffee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Broxton Tax Rate
0.89%
Average Coffee County Tax Rate
0.89%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Broxton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31519 | 0.33% | 0.59% | 0.89% | 0.97% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Broxton, Georgia
In Broxton, 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 Coffee 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 Broxton 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 Broxton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 31519 has the highest median tax bill at $436, which is also the lowest median tax bill in the area.
Average Broxton Assessed Value
$52,124
Average Coffee County Assessed Value
$48,124
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Broxton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31519 | $9,596 | $21,642 | $52,124 | $147,749 | $260,864 |
Source: Ownwell
Property Tax Bills Across Broxton, Georgia
In Broxton, located in Coffee County, GA, property tax bills are calculated by assessing the market value of a home and then applying the local tax rate. The assessed value is typically a percentage of the market value, and in Georgia, this is often set at 40%. For instance, a home valued at $52,124 would have an assessed value of $20,850. The local tax rate is then applied to this assessed value to determine the tax bill. Various factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For homeowners in Broxton, tax bills can vary significantly. The 25th percentile tax bill is $169, while the 75th percentile tax bill is $1,054, and the 90th percentile tax bill reaches $1,747. This variation can affect homeowners differently, with higher-valued properties incurring more substantial tax bills. Compared to the national median property tax rate of 0.99%, Broxton's rates can be relatively manageable, offering some relief to homeowners in this region.
Average Broxton Tax Bill
$436
Average Coffee County Tax Bill
$367
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Broxton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31519 | $79 | $169 | $436 | $1,054 | $1,747 |
Source: Ownwell