Richmond Hill, Georgia Property Taxes
The median property tax rate in Richmond Hill, GA is 1.30%, significantly higher than both the national median of 0.99% and Georgia's state median of 1.08%. With median home values in Richmond Hill, the typical annual property tax bill reaches $7,067, far exceeding the national median of $2,690. Property taxes in Richmond Hill are calculated based on the assessed value, which often falls below market value due to various exemptions like primary residence and agricultural exemptions. Understanding Richmond Hill'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 Richmond Hill or another part of Liberty County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Richmond Hill, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$9,135
$8,477
Ownwell’s Richmond Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Richmond Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Richmond Hill 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 Richmond Hill, Georgia
Property taxes in Richmond Hill, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Richmond Hill is 0.83%, which is lower than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Richmond Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Richmond Hill 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 Richmond Hill's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31324 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Richmond Hill provides valuable insights into the varying tax landscape across Liberty County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Richmond Hill Tax Rate
1.30%
Average Liberty County Tax Rate
1.70%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Richmond Hill, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31324 | 0.93% | 1.07% | 1.30% | 1.53% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Richmond Hill, Georgia
In Richmond Hill, 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 Liberty 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 Richmond Hill, 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 Richmond Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 31324 has the highest and lowest median tax bill, both at $7,067, reflecting the area's median home price of $702,690.
Average Richmond Hill Assessed Value
$702,690
Average Liberty County Assessed Value
$161,331
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Richmond Hill, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31324 | $345,213 | $479,267 | $702,690 | $926,114 | $1,060,168 |
Source: Ownwell
Property Tax Bills Across Richmond Hill, Georgia
In Richmond Hill, Liberty County, GA, property tax bills are calculated based on the assessed value of your property, which is typically a percentage of its market value. The local tax rate, known as the millage rate, is then applied to this assessed value to determine your annual tax bill. For instance, with a median home price of $702,690, homeowners in Richmond Hill can expect varying tax bills depending on specific factors like property location and exemptions. The tax bill ranges significantly, with the 25th percentile at $5,786 and the 75th percentile at $8,348. At the 90th percentile, homeowners might see tax bills as high as $9,117. These figures highlight the variability in property taxes, influenced by factors such as property improvements, neighborhood developments, and local government budgets. Compared to the national median property tax rate of 0.99%, Richmond Hill residents experience a diverse range of tax obligations, impacting their overall financial planning and homeownership costs.
Average Richmond Hill Tax Bill
$7,067
Average Liberty County Tax Bill
$2,200
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Richmond Hill, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31324 | $5,017 | $5,786 | $7,067 | $8,348 | $9,117 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Tax Bill | |
| Issued | September 1 |
| Due Date #1 | September 15 |
| Due Date #2 | November 15 |
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