Aragon, Georgia Property Taxes
The median property tax rate in Aragon, GA is 0.90%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $154,722 in Aragon, the typical annual property tax bill amounts to $1,273, falling below the national median of $2,690. Property taxes in Aragon are calculated based on the tax assessed value, which often is less than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Aragon'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 Aragon 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
Aragon, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$1,392
$1,352
Ownwell’s Aragon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aragon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aragon 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 Aragon, Georgia
Property taxes in Aragon, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aragon is 0.90%, which is lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Aragon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aragon 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 Aragon's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30104 has both the highest and lowest median property tax rate of 0.90%. Understanding how these cities compare with Aragon provides valuable insights into the varying tax landscape across Floyd County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aragon Tax Rate
0.90%
Average Floyd County Tax Rate
1.19%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aragon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30104 | 0.27% | 0.59% | 0.90% | 1.19% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Aragon, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Aragon, Georgia. 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 Floyd 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 Aragon, 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 Aragon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 30104, with a median tax bill of $1,273.
Average Aragon Assessed Value
$154,722
Average Floyd County Assessed Value
$141,916
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aragon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30104 | $45,030 | $87,628 | $154,722 | $245,616 | $398,828 |
Source: Ownwell
Property Tax Bills Across Aragon, Georgia
In Aragon, located in Floyd County, GA, property tax bills are calculated based on the assessed value of the property. The assessed value is typically a percentage of the market value of the home. For example, with a median home price of $154,722, the tax bill can vary significantly. Homeowners in the 25th percentile might see a tax bill around $585, while those in the 75th percentile could face a tax bill of approximately $2,236. Several factors influence the tax bill, including property location, home size, and any applicable exemptions. The highest median tax bill recorded in the area is $1,273, which is notably lower than the national median property tax rate of 0.99%. This can make homeownership in Aragon more affordable compared to other regions. Understanding these factors can help homeowners anticipate their annual property tax obligations and manage their finances more effectively.
Average Aragon Tax Bill
$1,273
Average Floyd County Tax Bill
$1,460
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Aragon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30104 | $225 | $585 | $1,273 | $2,236 | $3,703 |
Source: Ownwell