Summerville, Georgia Property Taxes
The median property tax rate in Summerville, GA is 0.86%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Summerville at $216,268, the typical annual property tax bill comes to $1,948, which is below the national median of $2,690. Property taxes in Summerville are based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Summerville'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 Summerville 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
Summerville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,860
$1,806
Ownwell’s Summerville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Summerville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Summerville to project your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property's assessed value is determined by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Summerville, Georgia
Property taxes in Summerville, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Summerville is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Summerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Summerville 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 Summerville's effective property tax rate to other areas in Georgia and the national median. For comparison, the zip code 30747 has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Summerville 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 Summerville Tax Rate
0.86%
Average Floyd County Tax Rate
1.19%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Summerville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30747 | 0.63% | 0.72% | 0.86% | 1.00% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Summerville, Georgia
In Summerville, 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 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 Summerville, 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 Summerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $1948.00, found in zip code 30747.
Average Summerville Assessed Value
$216,268
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 Summerville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30747 | $189,658 | $199,637 | $216,268 | $232,898 | $242,877 |
Source: Ownwell
Property Tax Bills Across Summerville, Georgia
In Summerville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $216,268, homeowners can expect varying tax bills depending on the assessed value and specific tax rate applied. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. In Summerville's Floyd County, the 25th percentile tax bill is around $1,502, while the 75th percentile reaches approximately $2,393, and the 90th percentile can go up to $2,660. This range illustrates how different factors can significantly impact the amount homeowners owe. Compared to the national median property tax rate of 0.99%, Summerville's rates provide a local perspective on property tax obligations, helping homeowners understand their financial commitments better.
Average Summerville Tax Bill
$1,948
Average Floyd County Tax Bill
$1,460
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Summerville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30747 | $1,235 | $1,502 | $1,948 | $2,393 | $2,660 |
Source: Ownwell