Mitchell, Hancock County, Georgia Property Taxes
The median property tax rate in Mitchell, GA is 1.28%, significantly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Mitchell, the typical annual property tax bill reaches $896, which is below the national median of $2,690. Property taxes in Mitchell 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 Mitchell'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 Mitchell 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
Mitchell, Hancock County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$897
$833
Ownwell’s Mitchell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mitchell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mitchell 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 Mitchell, Hancock County, Georgia
Property taxes in Mitchell, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mitchell is 1.28%, which is higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Mitchell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mitchell 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 Mitchell's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30820 zip code has the highest median property tax rate of 1.28%, while the lowest median tax rate is also 1.28%. Understanding how these areas compare with Mitchell 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 Mitchell 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 Mitchell, Hancock County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30820 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Mitchell, Hancock County, Georgia
In Mitchell, 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. 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 Mitchell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Mitchell are both $896.00, found in the zip code 30820.
Property Tax Assessment Values Across Mitchell, Hancock County, Georgia
Source: Ownwell
$62,176
$68,721
$75,265
Average Mitchell Assessed Value
$70,096
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 Mitchell, Hancock County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30820 | $24,697 | $38,138 | $70,096 | $164,476 | $356,115 |
Source: Ownwell
Property Tax Bills Across Mitchell, Hancock County, Georgia
In Mitchell, Hancock County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. Once the assessed value is established, local tax rates are applied to calculate the annual tax bill. Several factors influence the final tax bill, including the home's location, improvements, and exemptions that may apply. For instance, the median home price in Mitchell stands at $70,096. Property tax bills in the area can vary significantly, with the 25th percentile tax bill at $487 and the 75th percentile reaching $2,102. The highest median tax bill recorded in the region is $896 in the 30820 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Mitchell may find their tax bills to be relatively moderate. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Mitchell Tax Bill
$896
Average Hancock County Tax Bill
$938
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Mitchell, Hancock County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30820 | $316 | $487 | $896 | $2,102 | $4,552 |
Source: Ownwell