Grantville, Georgia Property Taxes
The median property tax rate in Grantville, GA is 1.38%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Grantville at $127,700, the typical annual property tax bill reaches $1,753, exceeding the national median of $2,690. Property taxes in Grantville 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 Grantville'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 Grantville 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
Grantville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$1,762
$1,635
Ownwell’s Grantville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grantville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grantville 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 Grantville, Georgia
Property taxes in Grantville, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grantville is 1.38%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Grantville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grantville 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 Grantville's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30220 zip code has the highest median property tax rate of 1.38%, while the 30220 zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Grantville provides valuable insights into the varying tax landscape across Meriwether County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grantville Tax Rate
1.38%
Average Meriwether County Tax Rate
1.38%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grantville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30220 | 1.38% | 1.38% | 1.38% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Grantville, Georgia
In Grantville, 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 Meriwether 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 Grantville, 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 Grantville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In the 30220 zip code, the median tax bill is $1,753, highlighting the importance of understanding these concepts to manage costs effectively.
Average Grantville Assessed Value
$127,700
Average Meriwether County Assessed Value
$91,140
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grantville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30220 | $44,132 | $73,950 | $127,700 | $188,600 | $241,580 |
Source: Ownwell
Property Tax Bills Across Grantville, Georgia
In Grantville, GA, property tax bills are determined based on the assessed value of a home, which is typically a percentage of the market value. For instance, if the median home price is $127,700, the assessed value would be a fraction of this amount. Local tax rates are then applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including the property's location within Meriwether County, specific local levies, and any applicable exemptions. For example, the 25th percentile tax bill in Grantville is $1,021, while the 75th percentile tax bill is $2,598, indicating a range influenced by property values and specific assessments. Homeowners in Grantville experience property tax bills that can significantly impact their annual expenses. Compared to the national median property tax rate of 0.99%, the tax rates in Grantville can vary, affecting affordability and financial planning for residents. Understanding these factors is crucial for homeowners to anticipate their property tax obligations accurately.
Average Grantville Tax Bill
$1,753
Average Meriwether County Tax Bill
$1,393
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Grantville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30220 | $609 | $1,021 | $1,753 | $2,598 | $3,287 |
Source: Ownwell