Sparks, Georgia Property Taxes
The median property tax rate in Sparks, GA is 1.03%, slightly above the national median of 0.99% but below the Georgia state median of 1.08%. With the median home value in Sparks at $48,706, the typical annual property tax bill comes to $463, significantly lower than the national median of $2,690. Property taxes in Sparks are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural use. Understanding Sparks' property tax system, exploring available exemptions, and finding opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sparks or another part of the city, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sparks, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$502
$466
Ownwell’s Sparks Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sparks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sparks 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 Sparks, Georgia
Property taxes in Sparks, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sparks is 1.03%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Sparks set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sparks 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 Sparks' effective property tax rate to other counties in Georgia and the national median. For comparison, the 31647 ZIP code has the highest median property tax rate of 1.03%, while the same ZIP code also has the lowest median tax rate of 1.03%. Understanding how these cities compare with Sparks provides valuable insights into the varying tax landscape across Cook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sparks Tax Rate
1.03%
Average Cook County Tax Rate
1.08%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sparks, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31647 | 0.52% | 0.84% | 1.03% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Sparks, Georgia
In Sparks, 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 Cook 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 Sparks, 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 Sparks is $48,706, with tax bills ranging from $240 at the 25th percentile to $1,673 at the 90th percentile. 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 Sparks helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sparks Assessed Value
$48,706
Average Cook County Assessed Value
$72,595
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sparks, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31647 | $14,152 | $25,521 | $48,706 | $93,669 | $171,320 |
Source: Ownwell
Property Tax Bills Across Sparks, Georgia
In Sparks, located in Cook County, GA, property tax bills are calculated based on the assessed value of your home, which is determined by the county tax assessor. The assessed value is a percentage of the market value of your property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Sparks, the median home price is $48,706. Property tax bills vary significantly, with the 25th percentile at $240 and the 75th percentile reaching $923. At the 90th percentile, tax bills can go up to $1,673. Interestingly, the highest and lowest median tax bills in Sparks are both recorded at $463 in the 31647 zip code. These property taxes fund local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Sparks offers a range of tax bills that can either ease or strain a homeowner's budget, depending on their property's assessed value and the applicable tax rate.
Average Sparks Tax Bill
$463
Average Cook County Tax Bill
$773
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Sparks, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31647 | $92 | $240 | $463 | $923 | $1,673 |
Source: Ownwell