Colbert, Madison County, Georgia Property Taxes
The median property tax rate in Colbert, 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 Colbert at $200,524, the typical annual property tax bill reaches $2,581, which is slightly below the national median of $2,690. Property taxes in Colbert 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 Colbert'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 Colbert 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
Colbert, Madison County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$2,446
$2,270
Ownwell’s Colbert Property Tax Bill Calculator offers a simple and efficient way for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Colbert. By entering your property's estimated assessed value, the calculator uses the median tax rate in Colbert to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities and make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, considering any applicable exemptions.
Property Tax Rates Across Colbert, Madison County, Georgia
Property taxes in Colbert, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Colbert is 0.83%, lower than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Colbert set these rates annually, and they can vary significantly across different neighborhoods. Each year, Colbert 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 Colbert's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30628 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 Colbert 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 Colbert 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 Colbert, Madison County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30628 | 1.22% | 1.22% | 1.22% | 1.22% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Colbert, Madison County, Georgia
In Colbert, 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 Colbert, 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 Colbert helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 30628, both at $2,581.
Property Tax Assessment Values Across Colbert, Madison County, Georgia
Source: Ownwell
$104,107
$193,329
$282,550
Average Colbert Assessed Value
$200,524
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 Colbert, Madison County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30628 | $39,118 | $92,391 | $200,524 | $292,049 | $404,765 |
Source: Ownwell
Property Tax Bills Across Colbert, Madison County, Georgia
In Colbert, located in Madison County, GA, property tax bills are determined based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Colbert is $200,524. Property taxes are then calculated by applying the local tax rate to this assessed value. For instance, the tax bill at the 25th percentile is $1,237, while at the 75th percentile, it rises to $3,689, and at the 90th percentile, it reaches $5,056. The highest and lowest median tax bill both stand at $2,581 in the 30628 zip code, reflecting a consistent tax burden across the area. These property taxes fund essential public services such as schools, infrastructure, and emergency services. Homeowners in Colbert may experience varying degrees of financial impact depending on their property's assessed value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, the rates in Colbert can result in significantly different tax bills, influencing both the affordability and the overall cost of homeownership in the area.
Average Colbert Tax Bill
$2,581
Average Madison County Tax Bill
$2,406
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Colbert, Madison County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30628 | $552 | $1,237 | $2,581 | $3,689 | $5,056 |
Source: Ownwell