East Ellijay, Georgia Property Taxes
The median property tax rate in East Ellijay, GA is 0.70%, which is significantly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $168,150 in East Ellijay, the typical annual property tax bill stands at $1,184, well below the national median of $2,690. Property taxes in East Ellijay are calculated based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding East Ellijay'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 East Ellijay or another part of Gilmer County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Ellijay, 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 East Ellijay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Ellijay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Ellijay 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 East Ellijay, Georgia
Property taxes in East Ellijay, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Ellijay is 0.70%, lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within East Ellijay set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Ellijay 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 East Ellijay's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30540 zip code has the highest median property tax rate of 0.70%, while the 30540 zip code has the lowest median tax rate of 0.70%. Understanding how these cities compare with East Ellijay provides valuable insights into the varying tax landscape across Gilmer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Ellijay Tax Rate
0.70%
Average Gilmer County Tax Rate
0.70%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Ellijay, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30540 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across East Ellijay, Georgia
In East Ellijay, 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 Gilmer 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 East Ellijay, 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 East Ellijay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,184, found in the 30540 zip code.
Average East Ellijay Assessed Value
$168,150
Average Gilmer County Assessed Value
$279,580
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Ellijay, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30540 | $82,280 | $112,045 | $168,150 | $205,500 | $275,704 |
Source: Ownwell
Property Tax Bills Across East Ellijay, Georgia
In East Ellijay, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $168,150. Property taxes are levied by local government entities and are influenced by various factors, including the home's assessed value, the local tax rate, and any applicable exemptions. The median property tax rate in East Ellijay is 0.99%, aligning with the national median. Homeowners in East Ellijay can expect their annual property tax bills to vary. For example, the 25th percentile tax bill is around $776, while the 75th percentile tax bill is approximately $1,447. At the higher end, the 90th percentile tax bill reaches up to $1,941. These variations can significantly impact homeowners, affecting their annual budgets and overall cost of homeownership. Understanding these factors is crucial for homeowners to manage their finances effectively and anticipate future property tax obligations.
Average East Ellijay Tax Bill
$1,184
Average Gilmer County Tax Bill
$1,970
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across East Ellijay, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30540 | $579 | $776 | $1,184 | $1,447 | $1,941 |
Source: Ownwell