Yatesville, Georgia Property Taxes
The median property tax rate in Yatesville, GA is 1.12%, slightly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Yatesville at $134,265, the typical annual property tax bill amounts to $924, which is below the national median of $2,690. Property taxes in Yatesville are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Yatesville'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 Yatesville 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
Yatesville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,504
$1,461
Ownwell’s Yatesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yatesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yatesville 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 Yatesville, Georgia
Property taxes in Yatesville, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yatesville is 0.83%, which is lower than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Yatesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yatesville 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 Yatesville's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31097 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Yatesville provides valuable insights into the varying tax landscape across Upson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Yatesville Tax Rate
1.12%
Average Monroe County Tax Rate
0.97%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yatesville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31097 | 0.38% | 0.54% | 1.12% | 1.12% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Yatesville, Georgia
In Yatesville, 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 Monroe 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. Assessment notices in Yatesville 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 Yatesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $924 in zip code 31097, while the lowest is also $924 in the same zip code.
Average Yatesville Assessed Value
$134,265
Average Monroe County Assessed Value
$140,730
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yatesville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31097 | $41,301 | $69,432 | $134,265 | $192,920 | $283,990 |
Source: Ownwell
Property Tax Bills Across Yatesville, Georgia
In Yatesville, GA, property tax bills are determined by the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the market value of the home. For instance, if a home has a market value of $134,265, the assessed value might be a fraction of this amount, depending on local regulations. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Yatesville face varying property tax bills, with the 25th percentile at $541 and the 75th percentile reaching $1,579. The 90th percentile of tax bills goes up to $2,215. Compared to the national median property tax rate of 0.99%, Yatesville's rates are relatively moderate. These property taxes fund essential services like schools, public safety, and infrastructure, directly impacting the community and homeowners' quality of life.
Average Yatesville Tax Bill
$924
Average Monroe County Tax Bill
$933
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Yatesville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31097 | $351 | $541 | $924 | $1,579 | $2,215 |
Source: Ownwell