Calhoun, Georgia Property Taxes
The median property tax rate in Calhoun, GA is 0.88%, 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 $193,027 in Calhoun, the typical annual property tax bill amounts to $1,376, significantly less than the national median of $2,690. Property taxes in Calhoun are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Calhoun'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 Calhoun or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Calhoun, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Calhoun Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calhoun with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calhoun 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 Calhoun, Georgia
Property taxes in Calhoun, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Calhoun is 0.88%, slightly lower than the U.S. national median of 0.99%. Local government entities within Calhoun set these rates annually, and they can vary significantly across different neighborhoods. Each year, Calhoun 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. Understanding how Calhoun's effective property tax rate compares to other areas provides valuable insights into the varying tax landscape across Gordon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calhoun Tax Rate
0.88%
Average Floyd County Tax Rate
1.19%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calhoun, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30701 | 0.23% | 0.52% | 0.88% | 1.33% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Calhoun, Georgia
In Calhoun, 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 Gordon 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 Calhoun, 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 Calhoun helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Calhoun is $193,027, with annual tax bills ranging from $765 at the 25th percentile to $4,572 at the 90th percentile. The zip code 30701 has both the highest and lowest median tax bills at $1,376.
Average Calhoun Assessed Value
$193,027
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 Calhoun, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30701 | $61,559 | $112,701 | $193,027 | $287,604 | $490,894 |
Source: Ownwell
Property Tax Bills Across Calhoun, Georgia
In Calhoun, located in Gordon County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, if the median home price is $193,027, the assessed value would be a fraction of this amount. Local tax rates are then applied to this assessed value to determine the final tax bill. Several factors influence the tax bill, including the home's location, size, and any applicable exemptions. Homeowners in Calhoun can expect varying tax bills, with the 25th percentile at $765 and the 75th percentile at $2,536, reflecting differences in property values and assessments. The highest median tax bill in the area is $1,376, which is relatively lower than the national median property tax rate of 0.99%. These property taxes impact homeowners by contributing to community services like schools, infrastructure, and emergency services, making it essential for homeowners to understand how their tax bills are calculated and the benefits they provide.
Average Calhoun Tax Bill
$1,376
Average Floyd County Tax Bill
$1,460
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Calhoun, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30701 | $311 | $765 | $1,376 | $2,536 | $4,572 |
Source: Ownwell