Smithville, Georgia Property Taxes
The median property tax rate in Smithville, GA is 1.13%, higher than both the national median of 0.99% and Georgia's state median of 1.08%. With a median home value of $73,220 in Smithville, the typical annual property tax bill amounts to $761, which is significantly lower than the national median of $2,690. Property taxes in Smithville are determined based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Smithville'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 Smithville or another part of the city, getting to know the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Smithville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$827
$768
Ownwell’s Smithville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Smithville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Smithville 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 Smithville, Georgia
Property taxes in Smithville, Georgia, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Smithville is 1.13%, which is higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Smithville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Smithville 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 Smithville's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31787 zip code has the highest median property tax rate of 1.13%, while the same 31787 zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Smithville 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 Smithville Tax Rate
1.13%
Average Lee County Tax Rate
1.13%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Smithville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31787 | 0.77% | 1.03% | 1.13% | 1.13% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Smithville, Georgia
In Smithville, 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 Smithville, 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 Smithville 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 31787, at $761.00, which also happens to be the lowest.
Average Smithville Assessed Value
$73,220
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 Smithville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31787 | $11,717 | $31,455 | $73,220 | $133,162 | $274,800 |
Source: Ownwell
Property Tax Bills Across Smithville, Georgia
Property tax bills in Smithville, located in Lee County, GA, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate, or millage rate, is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $73,220, homeowners can expect their tax bills to vary significantly. Factors influencing the tax bill include property size, location, and any applicable exemptions. In Smithville, the tax bill at the 25th percentile is $344, while at the 75th percentile, it rises to $1,410, and at the 90th percentile, it reaches $2,778. These figures illustrate the range of tax burdens that homeowners might face. Comparatively, the national median property tax rate is 0.99%, which helps put into perspective the local tax rates and their impact. Understanding these factors is crucial for homeowners to effectively manage their finances and anticipate their annual property tax obligations.
Average Smithville Tax Bill
$761
Average Lee County Tax Bill
$1,734
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Smithville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31787 | $141 | $344 | $761 | $1,410 | $2,778 |
Source: Ownwell