Climax, Georgia Property Taxes
The median property tax rate in Climax, GA is 1.13%, higher than both the national median of 0.99% and Georgia's state median of 1.08%. With the median home value in Climax at $113,696, the typical annual property tax bill reaches $1,168, still below the national median of $2,690. Property taxes in Climax are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Climax'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 Climax or another part of Decatur County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Climax, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$1,285
$1,192
Ownwell’s Climax Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Climax with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Climax 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 Climax, Georgia
Property taxes in Climax, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Climax is 1.13%, notably higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Climax set these rates annually, and they can vary significantly across different neighborhoods. Each year, Climax 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 Climax's effective property tax rate to other counties in Georgia and the national median. For comparison, the 39834 zip code has the highest median property tax rate of 1.13%, while the same zip code also holds the lowest median tax rate of 1.13%. Understanding how these cities compare with Climax provides valuable insights into the varying tax landscape across Decatur County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Climax Tax Rate
1.13%
Average Decatur County Tax Rate
1.16%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Climax, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39834 | 0.72% | 1.00% | 1.13% | 1.16% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Climax, Georgia
In Climax, 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 Decatur 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 Climax, 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 Climax helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 39834 has both the highest and lowest median tax bills at $1,168.
Average Climax Assessed Value
$113,696
Average Decatur County Assessed Value
$105,240
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Climax, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39834 | $26,069 | $51,029 | $113,696 | $211,975 | $335,863 |
Source: Ownwell
Property Tax Bills Across Climax, Georgia
Property tax bills in Climax, located in Decatur County, GA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value of the home. For example, with a median home price of $113,696, the assessed value is determined by local assessment practices. The tax rate is then applied to this assessed value to calculate the annual tax bill. In Climax, property tax bills vary significantly. At the 25th percentile, homeowners pay around $516 annually, while those at the 75th percentile see bills of approximately $2,272. The highest tax bills, found at the 90th percentile, can reach up to $3,552. Compared to the national median property tax rate of 0.99%, the tax burden in Climax reflects the local economic conditions and property values. These property taxes are essential for funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in the area.
Average Climax Tax Bill
$1,168
Average Decatur County Tax Bill
$1,188
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Climax, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39834 | $279 | $516 | $1,168 | $2,272 | $3,552 |
Source: Ownwell