Box Springs, Georgia Property Taxes
The median property tax rate in Box Springs, GA is 0.91%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Box Springs at $66,621, the typical annual property tax bill is $577, significantly below the national median of $2,690. Property taxes in Box Springs are determined based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a clear understanding of Box Springs' property tax system, exploring all available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're located in the heart of Box Springs or another neighborhood within Marion County, familiarizing yourself with the local property tax regulations will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Box Springs, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$606
$563
Ownwell’s BOX SPRINGS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BOX SPRINGS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BOX SPRINGS 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 Box Springs, Georgia
Property taxes in Box Springs, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Box Springs is 0.91%, which is below the U.S. national median of 0.99%. Local government entities within Box Springs set these rates annually, and they can vary across different neighborhoods. Each year, Box Springs 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 Box Springs' effective property tax rate to other areas in Georgia and the national median. For comparison, the zip code 31801 has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these areas compare with Box Springs provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Box Springs Tax Rate
0.91%
Average Marion County Tax Rate
0.94%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Box Springs, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31801 | 0.69% | 0.83% | 0.91% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Box Springs, Georgia
In Box Springs, 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 Marion 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 Box Springs, 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. The highest median tax bill in Box Springs is $577.00 in the 31801 zip code, which also has the lowest median tax bill at $577.00. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Box Springs Assessed Value
$66,621
Average Marion County Assessed Value
$76,006
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Box Springs, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31801 | $24,877 | $39,702 | $66,621 | $135,711 | $200,125 |
Source: Ownwell
Property Tax Bills Across Box Springs, Georgia
Property tax bills in Box Springs, located in Marion County, GA, are determined based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to calculate the tax bill. For instance, with a median home price of $66,621, homeowners in Box Springs can expect their tax bills to vary significantly. At the 25th percentile, property owners might pay around $322, while those at the 75th percentile could see bills as high as $1,173. The 90th percentile tax bill can reach up to $1,806. These property taxes are essential for funding local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, the tax rates in Box Springs may seem relatively moderate, but they still represent a significant expense for homeowners. Understanding how these factors interact can help property owners better anticipate their financial obligations and plan accordingly.
Average Box Springs Tax Bill
$577
Average Marion County Tax Bill
$727
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Box Springs, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31801 | $165 | $322 | $577 | $1,173 | $1,806 |
Source: Ownwell