Stockton, Georgia Property Taxes
The median property tax rate in Stockton, Georgia is 1.23%, notably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Stockton, the typical annual property tax bill reaches $565, which is significantly lower than the national median of $2,690. Property taxes in Stockton are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stockton'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 Stockton or another part of Lanier County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stockton, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$597
$554
Ownwell’s Stockton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stockton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stockton 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 Stockton, Georgia
Property taxes in Stockton, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stockton is 1.23%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Stockton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stockton 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 Stockton's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31649 zip code has both the highest and lowest median property tax rate of 1.23%. Understanding how these cities compare with Stockton provides valuable insights into the varying tax landscape across Lanier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stockton Tax Rate
1.23%
Average Lanier County Tax Rate
1.27%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stockton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31649 | 0.81% | 1.08% | 1.23% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Stockton, Georgia
In Stockton, 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 Lanier 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 Stockton, 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 Stockton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 31649 has both the highest and lowest median tax bill at $565.
Average Stockton Assessed Value
$48,500
Average Lanier County Assessed Value
$72,982
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stockton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31649 | $10,774 | $21,500 | $48,500 | $104,000 | $152,160 |
Source: Ownwell
Property Tax Bills Across Stockton, Georgia
In Stockton, GA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value. Factors such as the median home price, which is $48,500, play a significant role in calculating the tax bill. For instance, properties in the 25th percentile have tax bills around $225, while those in the 75th percentile face bills closer to $1,229. The highest median tax bill in the area is $565, which is relatively low compared to the national median property tax rate of 0.99%. This variation in tax bills can significantly impact homeowners, especially those with higher-valued properties who may face larger tax obligations. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Stockton Tax Bill
$565
Average Lanier County Tax Bill
$989
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Stockton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31649 | $106 | $225 | $565 | $1,229 | $1,950 |
Source: Ownwell