Bloomingdale, Georgia Property Taxes
The median property tax rate in Bloomingdale, GA is 1.00%, slightly higher than the national median of 0.99% but lower than the Georgia state median of 1.08%. With the median home value in Bloomingdale at $173,720, the typical annual property tax bill is around $1,670, which is below the national median of $2,690. Property taxes in Bloomingdale are calculated based on the assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Bloomingdale'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 Bloomingdale 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
Bloomingdale, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$1,737
$1,612
Ownwell’s Bloomingdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bloomingdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bloomingdale 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 Bloomingdale, Georgia
Property taxes in Bloomingdale, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bloomingdale is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Bloomingdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bloomingdale 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 Bloomingdale's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31302 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Bloomingdale provides valuable insights into the varying tax landscape across Effingham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bloomingdale Tax Rate
1.00%
Average Effingham County Tax Rate
1.03%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bloomingdale, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31302 | 0.46% | 0.79% | 1.00% | 1.40% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Bloomingdale, Georgia
In Bloomingdale, 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 Effingham 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 Bloomingdale, 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 Bloomingdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bloomingdale is $173,720, with the 25th percentile tax bill at $947 and the 75th percentile at $2,423. The 90th percentile tax bill can reach up to $3,281. The zip code 31302 holds both the highest and lowest median tax bills at $1,670.
Average Bloomingdale Assessed Value
$173,720
Average Effingham County Assessed Value
$198,122
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bloomingdale, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31302 | $60,282 | $99,152 | $173,720 | $226,682 | $315,796 |
Source: Ownwell
Property Tax Bills Across Bloomingdale, Georgia
In Bloomingdale, GA, property tax bills are determined based on the assessed value of a home, which is typically a percentage of its market value. For homeowners in Bloomingdale, the median home price stands at $173,720. The tax rate applied to this assessed value then determines the annual property tax bill. Several factors influence the tax bill, including the assessed value of the property and the local tax rate set by Effingham County. For instance, homeowners in the 25th percentile can expect to pay around $947 annually, while those in the 75th percentile may see bills as high as $2,423. At the 90th percentile, the tax bill could reach $3,281. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in Bloomingdale. Compared to the national median property tax rate of 0.99%, Bloomingdale's property taxes reflect a localized approach to funding community needs, ensuring that homeowners contribute proportionately to the upkeep and development of their city.
Average Bloomingdale Tax Bill
$1,670
Average Effingham County Tax Bill
$1,958
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Bloomingdale, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31302 | $408 | $947 | $1,670 | $2,423 | $3,281 |
Source: Ownwell