Broxton, Georgia Property Taxes
The median property tax rate in Broxton, GA is 1.18%, notably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Broxton at $134,002, the typical annual property tax bill reaches $1,506, which is still below the national median of $2,690. Property taxes in Broxton are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Broxton's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Broxton or another part of Jeff Davis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Broxton, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,581
$1,467
Ownwell’s Broxton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Broxton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Broxton 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 Broxton, Georgia
Property taxes in Broxton, GA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Broxton is 1.18%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Broxton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Broxton 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 Broxton's effective property tax rate to other areas in Georgia and the national median. For comparison, the zip code 31519 has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Broxton provides valuable insights into the varying tax landscape across Jeff Davis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Broxton Tax Rate
1.18%
Average Jeff Davis County Tax Rate
1.18%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Broxton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31519 | 0.87% | 1.18% | 1.18% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Broxton, Georgia
In Broxton, 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 Jeff Davis 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 Broxton, 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 Broxton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Broxton is $1506 in the 31519 zip code, while the lowest median tax bill is also $1506 in the same zip code.
Average Broxton Assessed Value
$134,002
Average Jeff Davis County Assessed Value
$64,199
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Broxton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31519 | $42,422 | $89,646 | $134,002 | $188,534 | $269,380 |
Source: Ownwell
Property Tax Bills Across Broxton, Georgia
In Broxton, located in Jeff Davis County, GA, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor and typically represents a percentage of the property's market value. Homeowners in Broxton can expect their property tax bills to vary significantly, influenced by factors such as property location, size, and condition. For instance, the median home price in Broxton is $134,002, with tax bills ranging from $951 at the 25th percentile to $2,532 at the 90th percentile. The median property tax bill is $1,506, which is notably higher than the national median property tax rate of 0.99%. These tax bills can have a significant impact on homeowners, affecting their annual budgets and overall cost of homeownership. Understanding how these factors interplay is crucial for homeowners to plan their finances effectively and potentially seek tax appeal or exemption services if applicable.
Average Broxton Tax Bill
$1,506
Average Jeff Davis County Tax Bill
$803
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Broxton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31519 | $499 | $951 | $1,506 | $2,179 | $2,532 |
Source: Ownwell