Ellerslie, Georgia Property Taxes
The median property tax rate in Ellerslie, GA is 1.11%, which is higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Ellerslie at $252,361, the typical annual property tax bill reaches $2,643, slightly below the national median of $2,690. Property taxes in Ellerslie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ellerslie'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 Ellerslie 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
Ellerslie, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Ellerslie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ellerslie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ellerslie 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 Ellerslie, Georgia
Property taxes in Ellerslie, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ellerslie is 0.83%, lower than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Ellerslie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ellerslie 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 Ellerslie's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31807 has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Ellerslie provides valuable insights into the varying tax landscape across Harris County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ellerslie Tax Rate
1.11%
Average Harris County Tax Rate
1.11%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ellerslie, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31807 | 0.94% | 1.02% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Ellerslie, Georgia
In Ellerslie, 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 Harris 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 Ellerslie, 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 Ellerslie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2643 in the 31807 zip code, while the lowest median tax bill is also $2643 in the same zip code.
Average Ellerslie Assessed Value
$252,361
Average Harris County Assessed Value
$227,672
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ellerslie, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31807 | $122,605 | $177,418 | $252,361 | $311,608 | $421,889 |
Source: Ownwell
Property Tax Bills Across Ellerslie, Georgia
In Ellerslie, located in Harris County, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county assesses properties at 40% of their market value. For example, a home with a market value of $252,361 would have an assessed value of $100,944. The property tax rate is then applied to this assessed value to determine the tax bill. Factors influencing the tax bill include the market value of the property, local tax rates, and any applicable exemptions. In Ellerslie, the tax bill for homeowners varies significantly, with the 25th percentile paying around $1,893, while the 75th percentile faces a tax bill of $3,278, and those at the 90th percentile pay approximately $4,149. Compared to the national median property tax rate of 0.99%, Ellerslie homeowners may find their tax bills higher or lower depending on their property's assessed value and the specific tax rates within Harris County. This variability can significantly impact homeowners' annual financial planning.
Average Ellerslie Tax Bill
$2,643
Average Harris County Tax Bill
$2,437
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Ellerslie, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31807 | $1,305 | $1,893 | $2,643 | $3,278 | $4,149 |
Source: Ownwell