Sapelo Island, Georgia Property Taxes
The median property tax rate in Sapelo Island, GA is 1.15%, which is higher than both the national median of 0.99% and Georgia's state median of 1.08%. With the median home value in Sapelo Island at $66,286, the typical annual property tax bill reaches $712, still below the national median of $2,690. Property taxes in Sapelo Island are calculated based on the assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sapelo Island'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 Sapelo Island or another part of McIntosh County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sapelo Island, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$762
$707
Ownwell’s Sapelo Island Property Tax Bill Calculator provides homeowners, real estate investors, and prospective buyers with a quick and easy way to estimate annual property taxes in Sapelo Island. By simply entering your property's estimated assessed value, the calculator uses the median tax rate for Sapelo Island to give you a clear picture of your potential tax bill. This valuable tool helps you understand your financial obligations, making it easier to plan and budget for property ownership. For those interested in more detailed insights, including neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by McIntosh County, incorporates any applicable exemptions, ensuring an accurate estimate.
Property Tax Rates Across Sapelo Island, Georgia
Property taxes in Sapelo Island, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sapelo Island is 1.15%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Sapelo Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sapelo Island 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 Sapelo Island's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31327 zip code has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these cities compare with Sapelo Island 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 Sapelo Island Tax Rate
1.15%
Average Mcintosh County Tax Rate
1.11%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sapelo Island, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31327 | 0.95% | 1.11% | 1.15% | 1.19% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Sapelo Island, Georgia
In Sapelo Island, 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 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 Sapelo Island, 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 Sapelo Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Sapelo Island is $66,286, with median tax bills ranging from $387 at the 25th percentile to $2,926 at the 90th percentile. The zip code 31327 has both the highest and lowest median tax bill at $712.
Average Sapelo Island Assessed Value
$66,286
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 Sapelo Island, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31327 | $25,949 | $34,375 | $66,286 | $185,638 | $259,056 |
Source: Ownwell
Property Tax Bills Across Sapelo Island, Georgia
In Sapelo Island, located in McIntosh County, GA, property tax bills are calculated based on the assessed value of the property. The assessed value is typically a percentage of the market value, which is determined by the county tax assessor. Several factors influence this valuation, including the property's location, size, and any improvements or renovations made. Once the assessed value is determined, the local tax rate, also known as the millage rate, is applied. The median home price in Sapelo Island is $66,286, and property tax bills can vary significantly. For example, the 25th percentile tax bill is approximately $387, while the 75th percentile tax bill reaches $2,174. At the 90th percentile, homeowners might see bills as high as $2,926. These property taxes are essential for funding local services such as schools, infrastructure, and emergency services. Homeowners in Sapelo Island should be aware of how these factors influence their property tax bills, as they can have a significant impact on annual expenses.
Average Sapelo Island Tax Bill
$712
Average Mcintosh County Tax Bill
$994
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Sapelo Island, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31327 | $313 | $387 | $712 | $2,174 | $2,926 |
Source: Ownwell