Ila, Georgia Property Taxes
The median property tax rate in ILA, GA is 1.44%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in ILA, the typical annual property tax bill reaches $1,480, exceeding the national median of $2,690. Property taxes in ILA 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 ILA'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 ILA 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
Ila, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s ILA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ILA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ILA 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 Ila, Georgia
Property taxes in ILA, Georgia, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ILA is 1.44%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within ILA set these rates annually, and they can vary significantly across different neighborhoods. Each year, ILA 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 ILA's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30647 zip code has the highest median property tax rate of 1.44%, while the 30647 zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with ILA 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 Ila Tax Rate
1.44%
Average Madison County Tax Rate
1.22%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ila, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30647 | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Ila, Georgia
In ILA, 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 ILA, 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 ILA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in ILA both stand at $1480, specifically in the zip code 30647.
Average Ila Assessed Value
$102,695
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 Ila, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30647 | $102,695 | $102,695 | $102,695 | $102,695 | $102,695 |
Source: Ownwell
Property Tax Bills Across Ila, Georgia
In ILA, located in Madison County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is typically a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in ILA, the median home price is $102,695. The tax bills in this area show a consistent pattern, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $1,480. This uniformity indicates a stable tax environment for homeowners. When compared to the national median property tax rate of 0.99%, the property tax rate in ILA is relatively straightforward, providing predictability for budgeting and financial planning. Understanding how these factors interplay helps homeowners in ILA anticipate their property tax obligations, ensuring they can manage their finances effectively.
Average Ila Tax Bill
$1,480
Average Madison County Tax Bill
$2,406
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Ila, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30647 | $1,480 | $1,480 | $1,480 | $1,480 | $1,480 |
Source: Ownwell