Damascus, Georgia Property Taxes
The median property tax rate in Damascus, GA is 0.98%, slightly below the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $73,467 in Damascus, the typical annual property tax bill amounts to $612, significantly lower than the national median of $2,690. Property taxes in Damascus are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Damascus'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 Damascus or another part of Early County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Damascus, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$720
$668
Ownwell’s Damascus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Damascus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Damascus 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 Damascus, Georgia
Property taxes in Damascus, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Damascus is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Damascus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Damascus 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 Damascus's effective property tax rate to other counties in Georgia and the national median. For comparison, the 39841 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Damascus 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 Damascus Tax Rate
0.98%
Average Early County Tax Rate
0.98%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Damascus, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39841 | 0.40% | 0.74% | 0.98% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Damascus, Georgia
In Damascus, 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. Assessment notices in Damascus 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 Damascus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 39841 has both the highest and lowest median tax bill at $612, highlighting the variability within the area.
Average Damascus Assessed Value
$73,467
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 Damascus, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39841 | $14,255 | $32,641 | $73,467 | $149,412 | $232,781 |
Source: Ownwell
Property Tax Bills Across Damascus, Georgia
In Damascus, property tax bills are calculated based on the assessed value of your home, which is a percentage of your property's market value. The local tax rate is then applied to this assessed value to determine your annual tax bill. Several factors influence this calculation, including the median home price, which stands at $73,467. Homeowners in the 25th percentile can expect a tax bill around $272, while those in the 75th percentile might see a bill closer to $1,330. For those in the 90th percentile, the tax bill can reach up to $2,023. The highest and lowest median tax bills in the area are both $612, indicating a relatively uniform tax landscape within the zip code 39841. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in Damascus. Comparing this to the national median property tax rate of 0.99%, homeowners in Damascus experience a tax rate that aligns closely with national averages, ensuring fair contributions from property owners.
Average Damascus Tax Bill
$612
Average Early County Tax Bill
$753
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Damascus, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39841 | $92 | $272 | $612 | $1,330 | $2,023 |
Source: Ownwell