Watkinsville, Georgia Property Taxes
The median property tax rate in Watkinsville, GA is 0.77%, which is significantly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Watkinsville at $125,800, the typical annual property tax bill is $765, well below the national median of $2,690. Property taxes in Watkinsville are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Watkinsville'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 Watkinsville 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
Watkinsville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$969
$941
Ownwell’s Watkinsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Watkinsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Watkinsville 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 Watkinsville, Georgia
Property taxes in Watkinsville, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Watkinsville is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Watkinsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Watkinsville 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 Watkinsville's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30677 has the highest median property tax rate of 0.77%, while the same zip code also has the lowest median tax rate of 0.77%. Understanding how these areas compare with Watkinsville provides valuable insights into the varying tax landscape across Oconee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Watkinsville Tax Rate
0.77%
Average Greene County Tax Rate
0.72%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Watkinsville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30677 | 0.35% | 0.48% | 0.77% | 0.91% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Watkinsville, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Watkinsville, GA. 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 Greene 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 Watkinsville, 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. The median home price in Watkinsville is $125,800, with tax bills ranging from $427 at the 25th percentile to $2,638 at the 90th percentile. The highest and lowest median tax bills are both $765 in the 30677 zip code. By understanding 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 Watkinsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Watkinsville Assessed Value
$125,800
Average Greene County Assessed Value
$377,850
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Watkinsville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30677 | $27,566 | $46,650 | $125,800 | $301,800 | $444,372 |
Source: Ownwell
Property Tax Bills Across Watkinsville, Georgia
In Watkinsville, located in Greene County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in this area is $125,800. Local tax authorities use this assessed value and apply the local tax rate to determine the annual property tax bill. Various factors, including property size, location, and improvements, influence the assessed value. Homeowners in Watkinsville can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $427, while the 75th percentile reaches $1,661, and the 90th percentile can go up to $2,638. The median tax bill in the area is $765, which is lower than the national median property tax rate of 0.99%. This range demonstrates the variability in property taxes due to differing property values and specific local tax rates. Understanding these factors can help homeowners anticipate their annual financial obligations and plan accordingly.
Average Watkinsville Tax Bill
$765
Average Greene County Tax Bill
$2,218
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Watkinsville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30677 | $233 | $427 | $765 | $1,661 | $2,638 |
Source: Ownwell