Jewell, Georgia Property Taxes
The median property tax rate in Jewell, GA, is 1.28%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Jewell, the typical annual property tax bill reaches $962, which is below the national median of $2,690. Property taxes in Jewell are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jewell'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 Jewell 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
Jewell, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$963
$936
Ownwell’s Jewell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jewell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jewell 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 Jewell, Georgia
Property taxes in Jewell, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jewell is 1.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within Jewell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jewell 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 Jewell's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31045 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Jewell provides valuable insights into the varying tax landscape across Hancock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jewell Tax Rate
1.28%
Average Hancock County Tax Rate
1.28%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jewell, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31045 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Jewell, Georgia
In Jewell, 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 Hancock 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 Jewell, 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 Jewell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Jewell is $75,265, with the highest and lowest median tax bill being $962.00 in the 31045 zip code.
Average Jewell Assessed Value
$75,265
Average Hancock County Assessed Value
$69,124
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jewell, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31045 | $26,421 | $38,652 | $75,265 | $174,303 | $298,652 |
Source: Ownwell
Property Tax Bills Across Jewell, Georgia
In Jewell, located in Hancock County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Jewell can expect a median property tax bill of around $962, which is notably lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location within specific zip codes, local tax rates, and any applicable exemptions. For instance, tax bills in the 25th percentile are approximately $494, while those in the 75th percentile reach about $2,228, and the 90th percentile can go up to $3,817. These variations highlight the impact of property values and local tax rates on homeowners. Understanding how these elements interact helps homeowners in Jewell anticipate their annual property tax obligations and manage their finances accordingly.
Average Jewell Tax Bill
$962
Average Hancock County Tax Bill
$938
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Jewell, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31045 | $338 | $494 | $962 | $2,228 | $3,817 |
Source: Ownwell