Jekyll Island, Georgia Property Taxes
The median property tax rate in Jekyll Island, GA is 0.66%, significantly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $575,850, the typical annual property tax bill in Jekyll Island amounts to $3,743, surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Jekyll Island'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 Jekyll Island or another part of Glynn County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jekyll Island, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$3,801
$3,691
Ownwell’s Jekyll Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jekyll Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jekyll Island 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 Glynn County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Jekyll Island, Georgia
Property taxes in Jekyll Island, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jekyll Island is 0.66%, lower than the U.S. national median of 0.99%. Local government entities within Jekyll Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jekyll Island 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 Jekyll Island's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31527 zip code has the highest median property tax rate of 0.66%, while it also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Jekyll Island provides valuable insights into the varying tax landscape across Glynn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jekyll Island Tax Rate
0.66%
Average Glynn County Tax Rate
0.84%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jekyll Island, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31527 | 0.55% | 0.63% | 0.66% | 0.67% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Jekyll Island, Georgia
In Jekyll Island, Georgia, understanding the difference between "market value" and "assessed value" is essential 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 Glynn 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 Jekyll Island, 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 Jekyll Island 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 31527 zip code are both $3,743, highlighting a consistent tax environment across the area.
Property Tax Assessment Values Across Jekyll Island, Georgia
Source: Ownwell
$91,300
$1,401,600
$2,711,900
Average Jekyll Island Assessed Value
$575,850
Average Glynn County Assessed Value
$258,400
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jekyll Island, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31527 | $294,000 | $418,550 | $575,850 | $754,550 | $1,016,560 |
Source: Ownwell
Property Tax Bills Across Jekyll Island, Georgia
In Jekyll Island, Glynn County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Jekyll Island face property tax bills that vary significantly, with the 25th percentile at $2,696 and the 75th percentile at $4,654, reflecting the diversity in property values. The highest median tax bill in the area is recorded at $3,743. Factors influencing the tax bill include the property's assessed value, the local millage rate, and any applicable exemptions. For instance, a home valued at the median price of $575,850 would have its tax bill calculated using the local tax rate applied to its assessed value. This system ensures that property taxes are proportionate to the value of the property, affecting homeowners by tying tax obligations directly to property values. Compared to the national median property tax rate of 0.99%, Jekyll Island's tax rates can lead to higher or lower tax bills depending on individual property assessments.
Average Jekyll Island Tax Bill
$3,743
Average Glynn County Tax Bill
$2,196
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Jekyll Island, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31527 | $1,910 | $2,696 | $3,743 | $4,654 | $6,705 |
Source: Ownwell