Resaca, Georgia Property Taxes
The median property tax rate in Resaca, GA is 0.96%, slightly below the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $112,400 in Resaca, the typical annual property tax bill amounts to $968, which is significantly lower than the national median of $2,690. Property taxes in Resaca are determined based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. Familiarizing yourself with Resaca's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you reside in the heart of Resaca or another part of Murray County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Resaca, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$1,079
$1,048
Ownwell’s Resaca Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Resaca with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Resaca 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 Resaca, Georgia
Property taxes in Resaca, Georgia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Resaca is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Resaca set these rates annually, and they can vary significantly across different neighborhoods. Each year, Resaca 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 Resaca's effective property tax rate to other areas and the national median. For comparison, the zip code 30735, which includes Resaca, has a median property tax rate of 0.96%. Understanding how Resaca compares with other regions 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 Resaca 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 Resaca, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30735 | 0.90% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Resaca, Georgia
In Resaca, 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 Resaca, 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 Resaca helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Resaca is $112,400. The zip code with the highest median tax bill is 30735, with a value of $968.00, while the lowest median tax bill is also in the same zip code, $968.00.
Average Resaca Assessed Value
$112,400
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 Resaca, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30735 | $30,739 | $47,495 | $112,400 | $194,055 | $306,400 |
Source: Ownwell
Property Tax Bills Across Resaca, Georgia
In Resaca, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the Murray County tax assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Resaca can expect their property tax bills to vary significantly depending on the assessed value of their homes and the local tax rate. For instance, homes in the 25th percentile have a tax bill of approximately $405, while those in the 75th percentile see bills around $1,840. At the higher end, the 90th percentile tax bill reaches up to $2,940. The median home price in Resaca is $112,400, which provides a baseline for understanding these tax amounts. Compared to the national median property tax rate of 0.99%, the tax rates in Resaca reflect the local economic conditions and property values. Homeowners need to consider these factors as they can significantly impact their annual expenses and overall financial planning.
Average Resaca Tax Bill
$968
Average Murray County Tax Bill
$1,415
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Resaca, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30735 | $242 | $405 | $968 | $1,840 | $2,940 |
Source: Ownwell