Commerce, Georgia Property Taxes
The median property tax rate in Commerce, GA is 1.32%, considerably higher than both the national median of 0.99% and Georgia's state median of 1.08%. With the median home value in Commerce at $135,499, the typical annual property tax bill reaches $1,859, which is below the national median of $2,690. Property taxes in Commerce are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Commerce'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 Commerce 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
Commerce, 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 Commerce Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Commerce with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Commerce 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 Commerce, Georgia
Property taxes in Commerce, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Commerce is 1.32%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Commerce set these rates annually, and they can vary significantly across different neighborhoods. Each year, Commerce 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 Commerce's effective property tax rate to other areas in Georgia and the national median. For comparison, the 30529 zip code has the highest median property tax rate of 1.35%, while the 30530 zip code has the lowest median tax rate of 1.22%. Understanding how these areas compare with Commerce provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Commerce Tax Rate
1.32%
Average Jackson County Tax Rate
1.25%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Commerce, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30529 | 0.57% | 1.04% | 1.35% | 1.53% | 1.77% |
| 30530 | 0.52% | 0.83% | 1.22% | 1.54% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Commerce, Georgia
In Commerce, 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 Jackson 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 Commerce, 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. For instance, the highest median tax bill in Commerce is $1,978 in the 30530 zip code, while the lowest is $1,839 in the 30529 zip code. Being aware of these valuation processes in Commerce helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Commerce Assessed Value
$135,499
Average Jackson County Assessed Value
$219,900
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Commerce, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30529 | $19,285 | $69,300 | $132,300 | $213,650 | $291,200 |
| 30530 | $13,819 | $66,400 | $155,800 | $252,715 | $358,790 |
Source: Ownwell
Property Tax Bills Across Commerce, Georgia
In Commerce, GA, property tax bills are determined based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Commerce is $135,499. To calculate the tax bill, the assessed value is multiplied by the local tax rate set by Jackson County. Various factors such as property improvements, location, and market trends influence the assessed value. Homeowners in Commerce can expect a range of tax bills; the 25th percentile tax bill is around $1,041, while the 90th percentile reaches up to $3,952. The highest median tax bill recorded in the area is $1,978 in the 30530 zip code, whereas the lowest is $1,839 in the 30529 zip code. These property taxes fund essential public services like schools, roads, and emergency services, directly impacting community quality. Given the national median property tax rate of 0.99%, Commerce offers a competitive tax environment for homeowners.
Average Commerce Tax Bill
$1,859
Average Jackson County Tax Bill
$2,746
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Commerce, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30529 | $483 | $1,038 | $1,839 | $2,867 | $3,925 |
| 30530 | $466 | $1,051 | $1,978 | $3,106 | $4,170 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Tax Bill | |
| Issued | September 1 |
| Due Date #1 | September 15 |
| Due Date #2 | November 15 |
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