Canon, Georgia Property Taxes
The median property tax rate in Canon, GA is 1.01%, slightly above the national median of 0.99% but below the Georgia state median of 1.08%. With the median home value in Canon at $97,612, the typical annual property tax bill amounts to $865, which is lower than the national median of $2,690. Property taxes in Canon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Canon'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 Canon 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
Canon, 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 Canon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Canon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Canon 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 Canon, Georgia
Property taxes in Canon, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Canon is 1.01%, slightly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Canon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Canon 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 Canon's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30520 zip code has both the highest and lowest median property tax rate of 1.01%. Understanding how these cities compare with Canon provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Canon Tax Rate
1.01%
Average Franklin County Tax Rate
1.03%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Canon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30520 | 0.48% | 0.75% | 1.01% | 1.03% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Canon, Georgia
In Canon, 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 Franklin 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 Canon, 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. The median home price in Canon is $97,612, with tax bills ranging from $296 at the 25th percentile to $2,454 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Canon Assessed Value
$97,612
Average Franklin County Assessed Value
$136,560
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Canon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30520 | $15,160 | $37,918 | $97,612 | $188,314 | $307,058 |
Source: Ownwell
Property Tax Bills Across Canon, Georgia
In Canon, located in Franklin County, Georgia, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. For instance, with a median home price of $97,612, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. The tax bill can significantly impact homeowners, with the 25th percentile tax bill at around $296 and the 75th percentile reaching up to $1,626. The tax burden can be even higher for some, with the 90th percentile tax bill hitting $2,454. This range illustrates the variability in tax obligations within the area. Compared to the national median property tax rate of 0.99%, Franklin County's tax rates may seem more manageable, but they still represent a substantial expense for homeowners. Understanding these factors is crucial for property owners to effectively plan for their annual financial obligations.
Average Canon Tax Bill
$865
Average Franklin County Tax Bill
$1,238
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Canon, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30520 | $141 | $296 | $865 | $1,626 | $2,454 |
Source: Ownwell