Chatsworth, Georgia Property Taxes
The median property tax rate in Chatsworth, GA is 0.96%, slightly lower than the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Chatsworth at $156,835, the typical annual property tax bill is $1,483, which is below the national median of $2,690. Property taxes in Chatsworth 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 Chatsworth'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 Chatsworth 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
Chatsworth, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$1,506
$1,397
Ownwell’s Chatsworth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chatsworth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chatsworth 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 Chatsworth, Georgia
Property taxes in Chatsworth, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chatsworth is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Chatsworth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chatsworth 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 Chatsworth's effective property tax rate to other areas in Georgia and the national median. For comparison, the zip code 30705 has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Chatsworth provides valuable insights into the varying tax landscape across Murray County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chatsworth Tax Rate
0.96%
Average Murray County Tax Rate
0.96%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chatsworth, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30705 | 0.96% | 0.96% | 0.96% | 0.96% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Chatsworth, Georgia
In Chatsworth, 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 Murray 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 Chatsworth, 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 Chatsworth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 30705 has both the highest and lowest median tax bills, averaging $1483, which is notably higher than the national median property tax rate of 0.99%.
Average Chatsworth Assessed Value
$156,835
Average Murray County Assessed Value
$151,210
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chatsworth, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30705 | $33,747 | $71,988 | $156,835 | $212,975 | $295,000 |
Source: Ownwell
Property Tax Bills Across Chatsworth, Georgia
In Chatsworth, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is a percentage of the market value of the property. Homeowners in Chatsworth, located in Murray County, typically see a wide range of property tax bills. For instance, the tax bill at the 25th percentile is around $620, while those at the 75th percentile can expect to pay approximately $2,126. At the 90th percentile, tax bills can reach up to $2,847. These amounts are influenced by various factors, including the property's location, size, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Chatsworth homeowners might find their tax rates relatively manageable or more burdensome depending on their specific circumstances. Understanding how these factors interact helps homeowners anticipate their annual property tax liabilities and budget accordingly, ensuring they are prepared for any financial obligations tied to their property ownership.
Average Chatsworth Tax Bill
$1,483
Average Murray County Tax Bill
$1,415
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Chatsworth, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30705 | $295 | $620 | $1,483 | $2,126 | $2,847 |
Source: Ownwell