Epworth, Georgia Property Taxes
The median property tax rate in Epworth, GA is 0.56%, significantly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $253,837 in Epworth, the typical annual property tax bill amounts to $1,322, which is well below the national median of $2,690. Property taxes in Epworth are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Epworth'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 Epworth or another part of Fannin County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Epworth, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,421
$1,319
Ownwell’s Epworth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Epworth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Epworth 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 Epworth, Georgia
Property taxes in Epworth, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Epworth is 0.56%, lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Epworth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Epworth 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 Epworth's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30541 zip code has both the highest and lowest median property tax rate of 0.56%. Understanding how these cities compare with Epworth provides valuable insights into the varying tax landscape across Fannin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Epworth Tax Rate
0.56%
Average Fannin County Tax Rate
0.56%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Epworth, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30541 | 0.41% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Epworth, Georgia
In Epworth, 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 Fannin 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 Epworth, 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 Epworth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Epworth is $253,837, with the highest and lowest median tax bills both being $1,322 in zip code 30541.
Average Epworth Assessed Value
$253,837
Average Fannin County Assessed Value
$295,604
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Epworth, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30541 | $52,553 | $139,332 | $253,837 | $397,267 | $569,340 |
Source: Ownwell
Property Tax Bills Across Epworth, Georgia
In Epworth, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $253,837, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $684, while those in the 75th percentile might see bills as high as $2,131. The top 10% of property taxpayers could face bills up to $3,123. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the rates in Epworth can be more or less favorable depending on individual circumstances. Understanding these nuances helps homeowners anticipate their financial obligations and manage their budgets effectively.
Average Epworth Tax Bill
$1,322
Average Fannin County Tax Bill
$1,562
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Epworth, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30541 | $231 | $684 | $1,322 | $2,131 | $3,123 |
Source: Ownwell