Ochlocknee, Georgia Property Taxes
The median property tax rate in Ochlocknee, GA is 0.86%, 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 $90,768, the typical annual property tax bill in Ochlocknee is $746, significantly less than the national median of $2,690. Property taxes in Ochlocknee are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Ochlocknee'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 Ochlocknee or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ochlocknee, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Ochlocknee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ochlocknee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ochlocknee 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 Ochlocknee, Georgia
Property taxes in Ochlocknee, Georgia, are crucial for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Ochlocknee is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities in Ochlocknee set these rates annually, and they can vary across different neighborhoods. Each year, Ochlocknee 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 Ochlocknee's effective property tax rate to other areas in Georgia and the national median. For comparison, the 31773 zip code has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these areas compare with Ochlocknee 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 Ochlocknee Tax Rate
0.86%
Average Colquitt County Tax Rate
0.91%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ochlocknee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31773 | 0.70% | 0.82% | 0.86% | 0.91% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Ochlocknee, Georgia
In Ochlocknee, 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 Ochlocknee, 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 Ochlocknee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Ochlocknee both stand at $746, specifically in the 31773 zip code.
Average Ochlocknee Assessed Value
$90,768
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 Ochlocknee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31773 | $11,972 | $46,980 | $90,768 | $172,714 | $279,402 |
Source: Ownwell
Property Tax Bills Across Ochlocknee, Georgia
In Ochlocknee, located in Colquitt County, GA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. For instance, with a median home price of $90,768, the assessed value will be a fraction of this amount. The tax bill is then derived by applying the local tax rate to the assessed value. Various factors such as property improvements, location, and market conditions influence the assessed value. Homeowners in Ochlocknee experience a range of property tax bills, with the 25th percentile at $483 and the 75th percentile at $1,556. The highest median tax bill in the area is $746, which is relatively modest compared to the national median property tax rate of 0.99%. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Ochlocknee Tax Bill
$746
Average Colquitt County Tax Bill
$845
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Ochlocknee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31773 | $155 | $483 | $746 | $1,556 | $2,338 |
Source: Ownwell