Norman Park, Georgia Property Taxes
The median property tax rate in Norman Park, GA is 0.87%, 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 $83,863 in Norman Park, the typical annual property tax bill is $775, significantly below the national median of $2,690. Property taxes in Norman Park are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Norman Park's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Norman Park or another part of Colquitt County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Norman Park, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$730
$677
Ownwell’s Norman Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Norman Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Norman Park 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 Norman Park, Georgia
Property taxes in Norman Park, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Norman Park is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Norman Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Norman Park 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 Norman Park's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31771 zip code has the highest median property tax rate of 0.87%, while the 31771 zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Norman Park 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 Norman Park Tax Rate
0.87%
Average Colquitt County Tax Rate
0.91%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Norman Park, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31771 | 0.67% | 0.80% | 0.87% | 1.05% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Norman Park, Georgia
In Norman Park, 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 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 Norman Park, 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 Norman Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $83,863, with the highest and lowest median tax bills both recorded at $775 in the zip code 31771.
Average Norman Park Assessed Value
$83,863
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 Norman Park, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31771 | $22,563 | $41,525 | $83,863 | $169,369 | $284,902 |
Source: Ownwell
Property Tax Bills Across Norman Park, Georgia
In Norman Park, located in Colquitt County, GA, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate, or millage rate, is then applied to this assessed value to determine the annual property tax bill. For example, with a median home price of $83,863, homeowners can expect varying tax bills. The 25th percentile tax bill is around $376, while the 75th percentile reaches up to $1,485, and the 90th percentile can be as high as $2,426. Several factors influence the property tax bill, including property improvements, neighborhood changes, and market trends. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. While the median property tax rate in Norman Park is lower than the national median of 0.99%, homeowners should stay informed about local tax policies and potential exemptions to manage their tax liabilities effectively.
Average Norman Park Tax Bill
$775
Average Colquitt County Tax Bill
$845
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Norman Park, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31771 | $200 | $376 | $775 | $1,485 | $2,426 |
Source: Ownwell