Oxford, Georgia Property Taxes
The median property tax rate in Oxford, GA is 1.07%, slightly higher than the national median of 0.99% but just below the Georgia state median of 1.08%. With a median home value of $224,700 in Oxford, the typical annual property tax bill is around $2,231, which is lower than the national median of $2,690. Property taxes in Oxford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Oxford'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 Oxford 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
Oxford, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,404
$2,231
Ownwell’s Oxford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oxford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oxford 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 Oxford, Georgia
Property taxes in Oxford, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oxford is 1.07%, higher than the U.S. national median of 0.99%. Local government entities within Oxford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oxford 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 Oxford's effective property tax rate to other areas and the national median. For comparison, the 30054 zip code has both the highest and lowest median property tax rate of 1.07%. Understanding how these areas compare with Oxford provides valuable insights into the varying tax landscape across Newton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oxford Tax Rate
1.07%
Average Newton County Tax Rate
1.07%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oxford, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30054 | 0.63% | 0.95% | 1.07% | 1.09% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Oxford, Georgia
In Oxford, 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 Newton 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 Oxford 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 Oxford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Oxford is $224,700, with annual tax bills ranging from $1,319 at the 25th percentile to $4,399 at the 90th percentile. The zip code 30054 has both the highest and lowest median tax bill at $2,231.
Average Oxford Assessed Value
$224,700
Average Newton County Assessed Value
$206,600
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oxford, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30054 | $90,900 | $136,900 | $224,700 | $336,500 | $423,240 |
Source: Ownwell
Property Tax Bills Across Oxford, Georgia
In Oxford, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. Homeowners in Newton County can expect their property tax bill to be influenced by several factors, including the median home price, which stands at $224,700. The county's median property tax rate is applied to this assessed value to determine the final tax bill. For instance, the tax bill in Oxford can vary significantly, with the 25th percentile at $1,319 and the 75th percentile reaching $3,465. The 90th percentile tax bill can go as high as $4,399. The highest and lowest median tax bills in the area are both $2,231, which is above the national median property tax rate of 0.99%. These variations show how property taxes can impact homeowners differently, depending on the assessed value of their property and the specific tax rates applied. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Oxford Tax Bill
$2,231
Average Newton County Tax Bill
$2,153
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Oxford, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30054 | $666 | $1,319 | $2,231 | $3,465 | $4,399 |
Source: Ownwell