Athens, Georgia Property Taxes
The median property tax rate in Athens, GA is 1.22%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Athens, the typical annual property tax bill reaches $1,334, exceeding the national median of $2,690. Property taxes in Athens are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Athens'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 Athens or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Athens, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,270
$1,234
Ownwell’s Athens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Athens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Athens 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 Athens, Georgia
Property taxes in Athens, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Athens is 1.22%, which is notably higher than the Georgia state median and the U.S. national median of 0.99%. Local government entities within Athens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Athens 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 Athens' effective property tax rate to other counties in Georgia and the national median. For comparison, the 30601 zip code has the highest median property tax rate of 1.22%, while the 30601 zip code also has the lowest median tax rate of 1.22%. Understanding how these cities compare with Athens provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Athens Tax Rate
1.22%
Average Madison County Tax Rate
1.22%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Athens, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30601 | 1.22% | 1.22% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Athens, Georgia
In Athens, 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 Madison 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 Athens, 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. For instance, the median home price in Athens is $104,107, with tax bills ranging from $635 at the 25th percentile to $2,688 at the 75th percentile. 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 Athens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Athens Assessed Value
$104,107
Average Madison County Assessed Value
$186,937
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Athens, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30601 | $25,239 | $46,630 | $104,107 | $216,686 | $252,315 |
Source: Ownwell
Property Tax Bills Across Athens, Georgia
In Athens, located in Madison County, GA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. The median home price in Athens is $104,107. To determine the tax bill, the assessed value is multiplied by the local tax rate. Various factors such as property location, market conditions, and improvements to the property can influence the assessed value. Homeowners in Athens can expect a wide range in their property tax bills. For instance, the 25th percentile tax bill is $635, while the 75th percentile tax bill reaches $2,688, and the 90th percentile tax bill can go up to $3,123. The highest median tax bill in the area is $1,334, found in the 30601 zip code. These property taxes are crucial for funding local services like schools, infrastructure, and emergency services. Understanding how these taxes are calculated and the factors that influence them can help homeowners better manage their financial planning.
Average Athens Tax Bill
$1,334
Average Madison County Tax Bill
$2,406
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Athens, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30601 | $342 | $635 | $1,334 | $2,688 | $3,123 |
Source: Ownwell