Chauncey, Georgia Property Taxes
The median property tax rate in Chauncey, GA is 0.90%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $87,485 in Chauncey, the typical annual property tax bill amounts to $785, significantly less than the national median of $2,690. Property taxes in Chauncey are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Chauncey's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Chauncey or another part of Laurens County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chauncey, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$787
$731
Ownwell’s Chauncey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chauncey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chauncey 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 Chauncey, Georgia
Property taxes in Chauncey, Georgia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Chauncey is 0.90%, which is slightly below the U.S. national median of 0.99%. Local government entities within Chauncey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chauncey 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 Chauncey's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31011 has both the highest and lowest median property tax rate of 0.90%, illustrating the uniformity in tax rates within the region. Understanding how these areas compare with Chauncey provides valuable insights into the varying tax landscape across Laurens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chauncey Tax Rate
0.90%
Average Laurens County Tax Rate
0.90%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chauncey, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31011 | 0.90% | 0.90% | 0.90% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Chauncey, Georgia
In Chauncey, 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 Laurens 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 Chauncey, 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 Chauncey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Laurens County, the median home price is $87,485. The 25th percentile tax bill is $595, while the 75th percentile tax bill is $1,215, and the 90th percentile tax bill is $1,522. Interestingly, the highest and lowest median tax bills are both $785 in the 31011 zip code.
Average Chauncey Assessed Value
$87,485
Average Laurens County Assessed Value
$75,596
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chauncey, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31011 | $43,231 | $66,308 | $87,485 | $135,442 | $169,645 |
Source: Ownwell
Property Tax Bills Across Chauncey, Georgia
In Chauncey, Laurens County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the home's market value, and in Georgia, it typically stands at 40%. For instance, with a median home price of $87,485, the assessed value would be approximately $34,994. Property tax rates are then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including local tax rates and any applicable exemptions. Homeowners in Chauncey can expect varying tax bills. For example, the 25th percentile tax bill is around $595, while those in the 75th percentile might pay about $1,215. The highest median tax bill recorded in the area is $785, which is still below the national median property tax rate of 0.99%. Understanding these factors helps homeowners in Chauncey better anticipate their property tax obligations and manage their finances accordingly.
Average Chauncey Tax Bill
$785
Average Laurens County Tax Bill
$799
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Chauncey, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31011 | $388 | $595 | $785 | $1,215 | $1,522 |
Source: Ownwell