Elberton, Georgia Property Taxes
The median property tax rate in Elberton, GA is 0.94%, slightly below the national median of 0.99% and lower than Georgia's state median of 1.08%. With a median home value of $96,473 in Elberton, the typical annual property tax bill amounts to $861, which is significantly less than the national median of $2,690. Property taxes in Elberton are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Elberton'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 Elberton 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
Elberton, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$907
$881
Ownwell’s Elberton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elberton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elberton 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 Elberton, Georgia
Property taxes in Elberton, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elberton is 0.94%, which is lower than the U.S. national median of 0.99%. Local government entities within Elberton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elberton 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 Elberton's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30635 zip code has both the highest and lowest median property tax rate of 0.94%. Understanding how these cities compare with Elberton provides valuable insights into the varying tax landscape across Elbert County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elberton Tax Rate
0.94%
Average Elbert County Tax Rate
0.94%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elberton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30635 | 0.67% | 0.86% | 0.94% | 0.98% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Elberton, Georgia
In Elberton, 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 Elbert 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 Elberton, 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. The median home price in Elberton is $96,473, with tax bills ranging from $439 at the 25th percentile to $2,244 at the 90th percentile. Being aware of these valuation processes in Elberton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Elberton Assessed Value
$96,473
Average Elbert County Assessed Value
$94,830
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elberton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30635 | $16,783 | $48,584 | $96,473 | $160,421 | $252,212 |
Source: Ownwell
Property Tax Bills Across Elberton, Georgia
In Elberton, GA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. For homeowners in Elberton, the median home price stands at $96,473. The property tax rate is applied to the assessed value to determine the annual tax bill. Factors such as property location, improvements, and exemptions can influence the assessed value. Homeowners in Elberton can expect varying tax bills. At the 25th percentile, tax bills are around $439, while at the 75th percentile, they rise to approximately $1,449. The 90th percentile sees tax bills reaching up to $2,244. The highest median tax bill in the area is $861, found in the 30635 zip code, which is consistent across the region. These property taxes play a crucial role in funding local services, such as schools and public safety, directly impacting homeowners by contributing to the community's overall quality of life.
Average Elberton Tax Bill
$861
Average Elbert County Tax Bill
$853
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Elberton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30635 | $198 | $439 | $861 | $1,449 | $2,244 |
Source: Ownwell