Colbert, Georgia Property Taxes
The median property tax rate in Colbert, GA is 1.21%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Colbert at $187,350, the typical annual property tax bill reaches $2,209, exceeding the national median of $2,690. Property taxes in Colbert 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 Colbert'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 Colbert 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
Colbert, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,267
$2,104
Ownwell’s Colbert Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Colbert with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Colbert 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 Colbert, Georgia
Property taxes in Colbert, Georgia, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Colbert is 1.21%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Colbert determine these rates annually, and they can vary significantly across different neighborhoods. Each year, Colbert estimates its required budget to maintain services for the upcoming fiscal year. This budget is then divided 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 foundation for setting property tax rates. For comparison, the zip code 30628, which includes Colbert, has the highest median property tax rate of 1.21%, while the same zip code also represents the lowest median tax rate of 1.21%. Understanding how these figures compare with Colbert provides valuable insights into the varying tax landscape across Oglethorpe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Colbert Tax Rate
1.21%
Average Oglethorpe County Tax Rate
1.21%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Colbert, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30628 | 1.02% | 1.21% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Colbert, Georgia
In Colbert, 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 Oglethorpe 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 Colbert, 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 Colbert helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Colbert are both $2209, found in zip code 30628.
Average Colbert Assessed Value
$187,350
Average Oglethorpe County Assessed Value
$151,500
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Colbert, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30628 | $55,578 | $122,428 | $187,350 | $281,525 | $373,800 |
Source: Ownwell
Property Tax Bills Across Colbert, Georgia
In Colbert, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the Oglethorpe County tax assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $187,350, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,395, while the 75th percentile reaches $3,229, and the 90th percentile can be as high as $4,501. Factors such as property size, location, and improvements can influence the assessed value, directly impacting the tax bill. Homeowners in Colbert might find their tax bills higher or lower than the national median property tax rate of 0.99%, depending on these assessments. Understanding how these elements contribute to the overall tax bill is crucial for homeowners to manage their finances effectively and plan for future expenses.
Average Colbert Tax Bill
$2,209
Average Oglethorpe County Tax Bill
$1,776
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Colbert, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30628 | $642 | $1,395 | $2,209 | $3,229 | $4,501 |
Source: Ownwell