Cisco, Georgia Property Taxes
The median property tax rate in Cisco, GA is 0.96%, slightly below both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Cisco at $75,360, the typical annual property tax bill is $714, which is considerably lower than the national median of $2,690. Property taxes in Cisco are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cisco'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 Cisco 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
Cisco, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$723
$671
Ownwell’s Cisco Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cisco with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cisco 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 Cisco, Georgia
Property taxes in Cisco, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cisco is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Cisco set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cisco 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 Cisco's effective property tax rate to other areas in Georgia and the national median. For comparison, the zip code 30708 has both the highest and lowest median property tax rates at 0.96%. Understanding how these areas compare with Cisco 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 Cisco 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 Cisco, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30708 | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Cisco, Georgia
In Cisco, 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 local 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 Cisco, 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. For instance, the median home price in Cisco is $75,360, with tax bills ranging from $400 at the 25th percentile to $2,175 at the 90th percentile. Being aware of these valuation processes in Cisco helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cisco Assessed Value
$75,360
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 Cisco, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30708 | $27,036 | $44,386 | $75,360 | $153,990 | $227,760 |
Source: Ownwell
Property Tax Bills Across Cisco, Georgia
In Cisco, located in Murray County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For instance, with a median home price of $75,360, the assessed value is determined and then multiplied by the local tax rate. Factors such as property location, size, and any applicable exemptions also play a role in the final tax bill. Homeowners in Cisco can expect a wide range of property tax bills. The 25th percentile tax bill stands at $400, while the 75th percentile reaches $1,454. At the 90th percentile, homeowners might face a tax bill as high as $2,175. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local rates. These property tax bills significantly impact homeowners, influencing their annual budgeting and long-term financial planning. Understanding how these taxes are calculated and what factors are considered can help homeowners better prepare for their obligations and potentially seek exemptions or appeals if necessary.
Average Cisco Tax Bill
$714
Average Murray County Tax Bill
$1,415
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Cisco, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30708 | $232 | $400 | $714 | $1,454 | $2,175 |
Source: Ownwell