Watkinsville, Georgia Property Taxes
The median property tax rate in Watkinsville, GA is 0.83%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $328,096 in Watkinsville, the typical annual property tax bill amounts to $2,614, falling below the national median of $2,690. Property taxes in Watkinsville 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 Watkinsville'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 Watkinsville or another part of Oconee County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Watkinsville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$2,723
$2,645
Ownwell’s Watkinsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Watkinsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Watkinsville 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 Watkinsville, Georgia
Property taxes in Watkinsville, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Watkinsville is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Watkinsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Watkinsville 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 Watkinsville's effective property tax rate to other regions and the national median. For comparison, the zip code 30677 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 figures compare with Watkinsville provides valuable insights into the varying tax landscape across Oconee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Watkinsville Tax Rate
0.83%
Average Oconee County Tax Rate
0.83%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Watkinsville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30677 | 0.54% | 0.75% | 0.83% | 0.91% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Watkinsville, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Watkinsville, GA. 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 Oconee 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 Watkinsville, 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. For instance, the highest median tax bill in the area is $2,614, found in the 30677 zip code, which is also where the lowest median tax bill of $2,614 is recorded. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Watkinsville Assessed Value
$328,096
Average Oconee County Assessed Value
$356,314
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Watkinsville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30677 | $175,028 | $241,132 | $328,096 | $455,646 | $624,420 |
Source: Ownwell
Property Tax Bills Across Watkinsville, Georgia
In Watkinsville, located in Oconee County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the assessed value, including the home's location, size, and condition, as well as recent sales of similar properties in the area. For homeowners in Watkinsville, the property tax bill can vary significantly. For instance, the 25th percentile tax bill is around $1,906, while the 75th percentile tax bill is approximately $3,677. At the 90th percentile, homeowners may see tax bills as high as $4,915. Comparatively, the national median property tax rate is 0.99%, making Watkinsville's figures noteworthy. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Homeowners should be aware of these factors as they can significantly affect their annual expenses.
Average Watkinsville Tax Bill
$2,614
Average Oconee County Tax Bill
$2,870
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Watkinsville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30677 | $1,210 | $1,906 | $2,614 | $3,677 | $4,915 |
Source: Ownwell