Matthews, Georgia Property Taxes
The median property tax rate in Matthews, Georgia is 1.30%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Matthews, the typical annual property tax bill reaches $1,017, exceeding the national median of $2,690. Property taxes in Matthews 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 Matthews' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Matthews 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
Matthews, 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 Matthews Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Matthews with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Matthews 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 Matthews, Georgia
Property taxes in Matthews, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Matthews is 1.30%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Matthews set these rates annually, and they can vary significantly across different neighborhoods. Each year, Matthews 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 Matthews's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30818 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these areas compare with Matthews provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Matthews Tax Rate
1.30%
Average Jefferson County Tax Rate
1.25%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Matthews, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30818 | 0.99% | 1.25% | 1.30% | 1.37% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Matthews, Georgia
In Matthews, 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 Jefferson 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 Matthews, 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 Matthews helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 30818, with a value of $1,017, while the lowest median tax bill is also $1,017, reflecting uniformity in this region.
Average Matthews Assessed Value
$78,212
Average Jefferson County Assessed Value
$56,313
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Matthews, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30818 | $22,498 | $43,073 | $78,212 | $130,438 | $206,414 |
Source: Ownwell
Property Tax Bills Across Matthews, Georgia
In Matthews, Georgia, property tax bills are determined based on the assessed value of a property, which is typically a percentage of its market value. The assessed value is then multiplied by the local tax rate, which varies by county and municipality. In Jefferson County, the median property tax bill is $1,017. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Matthews can expect their tax bills to fall within a range, with the 25th percentile paying around $553 and the 75th percentile paying approximately $1,635. For those at the higher end, the 90th percentile tax bill reaches up to $2,448. Compared to the national median property tax rate of 0.99%, the property tax landscape in Matthews can have a significant impact on homeowners, influencing their financial planning and overall housing costs. Understanding these factors is crucial for homeowners to anticipate their annual tax obligations accurately.
Average Matthews Tax Bill
$1,017
Average Jefferson County Tax Bill
$685
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Matthews, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30818 | $259 | $553 | $1,017 | $1,635 | $2,448 |
Source: Ownwell