Crescent, Georgia Property Taxes
The median property tax rate in Crescent, GA is 2.10%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Crescent, the typical annual property tax bill reaches $520, which is notably lower than the national median of $2,690. Property taxes in Crescent 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 Crescent'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 Crescent 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
Crescent, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.1%
Estimate Property Tax Bill
$514
$500
Ownwell’s Crescent Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crescent with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crescent 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 Crescent, Georgia
Property taxes in Crescent, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crescent is 0.68%, significantly lower than both the Georgia state median of 0.91% and the U.S. national median of 0.99%. Local government entities within Crescent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crescent 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 Crescent's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31304 zip code has both the highest and lowest median property tax rate of 0.68%. Understanding how these cities compare with Crescent provides valuable insights into the varying tax landscape across McIntosh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crescent Tax Rate
2.10%
Average Mcintosh County Tax Rate
1.11%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crescent, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31304 | 1.84% | 1.94% | 2.10% | 2.26% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Crescent, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Crescent, Georgia. 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 McIntosh 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 Crescent, 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 Crescent helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Crescent are both $520, found in the zip code 31304.
Average Crescent Assessed Value
$24,498
Average Mcintosh County Assessed Value
$120,250
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crescent, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31304 | $23,220 | $23,699 | $24,498 | $25,297 | $25,776 |
Source: Ownwell
Property Tax Bills Across Crescent, Georgia
In Crescent, McIntosh County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $24,498, homeowners can expect varying tax bills. The 25th percentile tax bill is around $464, while the 75th percentile tax bill is approximately $576. At the 90th percentile, the tax bill can reach up to $610. Factors such as property location, local tax rates, and any applicable exemptions or deductions can influence the final tax amount. Compared to the national median property tax rate of 0.99%, McIntosh County’s tax rates may offer some relief to homeowners. Understanding these elements is crucial for homeowners to budget effectively and anticipate their annual financial obligations.
Average Crescent Tax Bill
$520
Average Mcintosh County Tax Bill
$994
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Crescent, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31304 | $430 | $464 | $520 | $576 | $610 |
Source: Ownwell