Saint Simons Island, Georgia Property Taxes
The median property tax rate in Saint Simons Island, GA is 0.85%, 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 $534,000 in Saint Simons Island, the typical annual property tax bill amounts to $4,387, significantly surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Saint Simons 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 Saint Simons 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
Saint Simons Island, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$4,539
$4,408
Ownwell’s Saint Simons Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Simons Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Simons 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Saint Simons Island, Georgia
Property taxes in Saint Simons 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 Saint Simons Island is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Simons Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Simons 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 Saint Simons Island's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31522 has the highest median property tax rate of 0.85%, while the lowest median tax rate is also 0.85% in the same zip code. Understanding how these areas compare with Saint Simons 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 Saint Simons Island Tax Rate
0.85%
Average Glynn County Tax Rate
0.84%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Simons Island, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31522 | 0.68% | 0.76% | 0.85% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Saint Simons Island, Georgia
In Saint Simons Island, 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 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 Saint Simons 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 Saint Simons Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Saint Simons Island is $534,000, with the highest and lowest median tax bills both recorded at $4,387 in the 31522 zip code. Property tax bills in the area range from $3,060 at the 25th percentile to $9,802 at the 90th percentile.
Property Tax Assessment Values Across Saint Simons Island, Georgia
Source: Ownwell
$91,300
$1,401,600
$2,711,900
Average Saint Simons Island Assessed Value
$534,000
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 Saint Simons Island, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31522 | $253,000 | $348,000 | $534,000 | $798,300 | $1,285,940 |
Source: Ownwell
Property Tax Bills Across Saint Simons Island, Georgia
In Saint Simons Island, Glynn County, GA, property tax bills are calculated based on the assessed value of the home, which is a percentage of its market value. Homeowners in this area can expect their tax bills to vary significantly depending on the assessed value of their property. For instance, the tax bill at the 25th percentile is $3,060, while at the 75th percentile, it rises to $6,519, and at the 90th percentile, it reaches $9,802. These figures highlight the broad range of property tax obligations within the community. The assessed value is determined by the local tax assessor and is influenced by factors such as the property's size, location, and condition. Homeowners should be aware that higher property values typically result in higher tax bills. Comparing these figures to the national median property tax rate of 0.99%, Saint Simons Island residents may find their tax obligations to be relatively high, reflecting the area's higher property values. Understanding these factors can help homeowners better anticipate and manage their annual property tax expenses.
Average Saint Simons Island Tax Bill
$4,387
Average Glynn County Tax Bill
$2,196
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Simons Island, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31522 | $2,307 | $3,060 | $4,387 | $6,519 | $9,802 |
Source: Ownwell