Suches, Georgia Property Taxes
The median property tax rate in Suches, GA is 0.56%, considerably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Suches at $306,694, the typical annual property tax bill reaches $1,635, which is significantly below the national median of $2,690. Property taxes in Suches are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Suches' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Suches or another part of Fannin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Suches, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,717
$1,594
Ownwell’s Suches Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Suches with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Suches 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 Suches, Georgia
Property taxes in Suches, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Suches is 0.56%, which is lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Suches set these rates annually, and they can vary significantly across different neighborhoods. Each year, Suches 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 Suches's effective property tax rate to other areas in Georgia and the national median. For comparison, the 30572 zip code has the highest median property tax rate of 0.56%, while the same zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Suches 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 Suches 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 Suches, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30572 | 0.41% | 0.56% | 0.56% | 0.56% | 0.56% |
Source: Ownwell
Property Tax Assessment Values Across Suches, Georgia
In Suches, 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 Suches, 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 Suches helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 30572 has the highest median tax bill at $1,635.00.
Average Suches Assessed Value
$306,694
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 Suches, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30572 | $80,229 | $186,656 | $306,694 | $441,525 | $584,900 |
Source: Ownwell
Property Tax Bills Across Suches, Georgia
In Suches, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is typically a percentage of the market value of the property. Homeowners in Suches can expect their tax bills to be influenced by several factors, including the property's location within Fannin County, any applicable exemptions, and the local tax rate. For instance, the median home price in Suches is $306,694. Property tax bills can vary significantly, with the 25th percentile tax bill around $963 and the 75th percentile reaching up to $2,395. At the 90th percentile, homeowners might see tax bills as high as $3,148. These figures illustrate the range of tax burdens that residents might experience. Comparing this to the national median property tax rate of 0.99%, Suches residents may find their tax obligations relatively manageable. However, the exact impact on individual homeowners will depend on the specific assessed value of their property and any applicable local tax rates and exemptions.
Average Suches Tax Bill
$1,635
Average Fannin County Tax Bill
$1,562
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Suches, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30572 | $447 | $963 | $1,635 | $2,395 | $3,148 |
Source: Ownwell