De Soto, Georgia Property Taxes
The median property tax rate in De Soto, GA is 1.07%, slightly higher than the national median of 0.99% but just below the Georgia state median of 1.08%. With the median home value in De Soto at $148,660, the typical annual property tax bill comes to $1,413, which is lower than the national median of $2,690. Property taxes in De Soto 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 De Soto'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 De Soto or another part of Lee County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
De Soto, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$1,591
$1,476
Ownwell’s De Soto Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in De Soto. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in De Soto to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities you might face. For those interested in more detailed insights, scrolling down reveals neighborhood-level trends and data. Your property’s assessed value, determined by the county, is used for tax calculations and considers any applicable exemptions.
Property Tax Rates Across De Soto, Georgia
Property taxes in De Soto, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Soto is 1.07%, higher than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within De Soto set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Soto 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 De Soto's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31743 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with De Soto provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Soto Tax Rate
1.07%
Average Lee County Tax Rate
1.13%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Soto, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31743 | 0.47% | 0.74% | 1.07% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across De Soto, Georgia
In De Soto, 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 Lee 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 De Soto, 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 De Soto helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in De Soto is $148,660, with tax bills ranging from $569 at the 25th percentile to $9,826 at the 90th percentile. The highest and lowest median tax bills are both $1,413 in the 31743 zip code.
Average De Soto Assessed Value
$148,660
Average Lee County Assessed Value
$158,600
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Soto, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31743 | $19,730 | $64,202 | $148,660 | $712,000 | $2,025,338 |
Source: Ownwell
Property Tax Bills Across De Soto, Georgia
In De Soto, located in Lee County, GA, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in De Soto is $148,660. Property taxes are determined by multiplying the assessed value by the local tax rate. For example, homeowners in the 25th percentile can expect a tax bill around $569, while those in the 75th percentile might see a bill closer to $3,521. At the 90th percentile, tax bills can soar up to $9,826, significantly affecting higher-valued properties. Several factors influence the tax bill, including property improvements, neighborhood developments, and market fluctuations. These elements can lead to variations in assessed values and, subsequently, the tax owed. Compared to the national median property tax rate of 0.99%, De Soto's rates can be variable, impacting homeowners differently based on their property's assessed value. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly.
Average De Soto Tax Bill
$1,413
Average Lee County Tax Bill
$1,734
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across De Soto, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31743 | $223 | $569 | $1,413 | $3,521 | $9,826 |
Source: Ownwell