Union Point, Georgia Property Taxes
The median property tax rate in Union Point, GA is 1.21%, significantly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $109,510 in Union Point, the typical annual property tax bill reaches $1,323, which is below the national median of $2,690. Property taxes in Union Point 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 Union Point'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 Union Point 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
Union Point, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$1,325
$1,230
Ownwell’s Union Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Union Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Union Point 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 Union Point, Georgia
Property taxes in Union Point, Georgia, are essential in funding crucial local services like public schools, road maintenance, and emergency services. The median tax rate in Union Point is 1.21%, higher than the U.S. national median of 0.99%. Local government entities within Union Point set these rates annually, and they can vary across different neighborhoods. Each year, Union Point 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 Union Point's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30669 zip code has the highest median property tax rate of 1.21%, while the lowest median tax rate is also 1.21%. Understanding how these cities compare with Union Point 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 Union Point 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 Union Point, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30669 | 1.02% | 1.21% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Union Point, Georgia
In Union Point, 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 Union Point, 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 Union Point helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both found in zip code 30669, with a median tax bill of $1,323.
Average Union Point Assessed Value
$109,510
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 Union Point, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30669 | $31,076 | $54,065 | $109,510 | $199,738 | $296,464 |
Source: Ownwell
Property Tax Bills Across Union Point, Georgia
In Union Point, located in Oglethorpe County, GA, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is determined by the county tax assessor. For homeowners, this means that if the market value of their home is $109,510, the assessed value will be a fraction of this figure, depending on local assessment ratios. Several factors influence the final tax bill, including the local tax rate and any applicable exemptions or deductions. Homeowners in Union Point can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $618, while the 75th percentile tax bill reaches $2,384, and the 90th percentile tax bill goes up to $3,520. Compared to the national median property tax rate of 0.99%, the tax rates in Union Point may present a different financial impact on homeowners, depending on the assessed value and applicable tax rates. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Union Point Tax Bill
$1,323
Average Oglethorpe County Tax Bill
$1,776
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Union Point, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30669 | $373 | $618 | $1,323 | $2,384 | $3,520 |
Source: Ownwell