Colquitt, Georgia Property Taxes
The median property tax rate in Colquitt, GA is 0.99%, aligning precisely with the national median of 0.99% but falling below Georgia's state median of 1.08%. With the median home value in Colquitt at $111,562, the typical annual property tax bill amounts to $1,071, which is notably less than the national median of $2,690. Property taxes in Colquitt are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Colquitt'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 Colquitt 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
Colquitt, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$1,104
$1,073
Ownwell’s Colquitt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Colquitt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Colquitt 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 Colquitt, Georgia
Property taxes in Colquitt, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Colquitt is 0.99%, aligning with the U.S. national median of 0.99%. Local government entities within Colquitt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Colquitt 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 Colquitt's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 39837 has both the highest and lowest median property tax rate in the area, at 0.99%. Understanding how these cities compare with Colquitt provides valuable insights into the varying tax landscape across Early County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Colquitt Tax Rate
0.99%
Average Early County Tax Rate
0.98%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Colquitt, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39837 | 0.52% | 0.96% | 0.99% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Colquitt, Georgia
In Colquitt, 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 Early 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 Colquitt, 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 Colquitt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 39837 has the highest median tax bill at $1,071, while the lowest median tax bill is also in zip code 39837 at $1,071.
Average Colquitt Assessed Value
$111,562
Average Early County Assessed Value
$86,923
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Colquitt, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39837 | $46,460 | $79,664 | $111,562 | $163,553 | $225,848 |
Source: Ownwell
Property Tax Bills Across Colquitt, Georgia
In Colquitt, located in Early County, GA, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Homeowners in Colquitt can expect their property tax bills to vary significantly, depending on several factors, including the property's assessed value and the local tax rate. For instance, the median home price in Colquitt is $111,562. Property tax bills can range from the 25th percentile at $636 to the 75th percentile at $1,628, with the 90th percentile reaching as high as $2,018. Compared to the national median property tax rate of 0.99%, Colquitt's property taxes can be quite variable, reflecting the diverse nature of property values and tax rates in the area. These taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners.
Average Colquitt Tax Bill
$1,071
Average Early County Tax Bill
$753
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Colquitt, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39837 | $328 | $636 | $1,071 | $1,628 | $2,018 |
Source: Ownwell