Coolidge, Colquitt County, Georgia Property Taxes
The median property tax rate in Coolidge, Georgia is 0.84%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $136,727 in Coolidge, the typical annual property tax bill amounts to $1,047, falling below the national median of $2,690. Property taxes in Coolidge are calculated based on the tax assessed value, which often is lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Coolidge'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 Coolidge 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
Coolidge, Colquitt County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,149
$1,066
Ownwell’s Coolidge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coolidge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coolidge 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 Coolidge, Colquitt County, Georgia
Property taxes in Coolidge, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coolidge is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Coolidge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coolidge 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 Coolidge's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31738 zip code has both the highest and lowest median property tax rate of 0.84%. Understanding how these cities compare with Coolidge provides valuable insights into the varying tax landscape across Colquitt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coolidge Tax Rate
0.84%
Average Colquitt County Tax Rate
0.91%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coolidge, Colquitt County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31738 | 0.64% | 0.75% | 0.84% | 0.89% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Coolidge, Colquitt County, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Coolidge, Georgia. 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 Colquitt 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 Coolidge, 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. For instance, the median home price in Coolidge is $136,727, with tax bills ranging from $631 at the 25th percentile to $3,946 at the 90th percentile. The zip code 31738 has both the highest and lowest median tax bill, standing at $1,047. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Coolidge, Colquitt County, Georgia
Source: Ownwell
$33,824
$100,155
$166,486
Average Coolidge Assessed Value
$136,727
Average Colquitt County Assessed Value
$87,526
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coolidge, Colquitt County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31738 | $40,192 | $68,584 | $136,727 | $226,992 | $530,936 |
Source: Ownwell
Property Tax Bills Across Coolidge, Colquitt County, Georgia
In Coolidge, Colquitt County, GA, property tax bills are calculated based on the assessed value of your home. The assessed value is typically a percentage of the market value, determined by the local tax assessor. Homeowners in Coolidge face varying tax bills depending on their property's assessed value and the local tax rate. For instance, the median home price here is $136,727, which serves as a baseline for calculating taxes. Tax bills can vary significantly; at the 25th percentile, homeowners might pay around $631, while those at the 75th percentile could see bills as high as $1,995. At the 90th percentile, the tax bill can escalate to $3,946. The highest and lowest median tax bills in the area are both $1,047, suggesting a relatively uniform tax rate within the zip code 31738. Compared to the national median property tax rate of 0.99%, Coolidge homeowners experience a range of tax burdens that can significantly impact their annual financial planning.
Average Coolidge Tax Bill
$1,047
Average Colquitt County Tax Bill
$845
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Coolidge, Colquitt County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31738 | $359 | $631 | $1,047 | $1,995 | $3,946 |
Source: Ownwell