Georgetown, Georgia Property Taxes
The median property tax rate in Georgetown, GA is 1.60%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Georgetown, the typical annual property tax bill reaches $707, which is below the national median of $2,690. Property taxes in Georgetown 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 Georgetown'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 Georgetown 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
Georgetown, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$760
$738
Ownwell’s Georgetown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Georgetown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Georgetown 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 Georgetown, Georgia
Property taxes in Georgetown, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Georgetown is 1.60%, significantly higher than the U.S. national median of 0.99%. Local government entities within Georgetown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Georgetown 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 Georgetown's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 39854 has both the highest and lowest median property tax rate of 1.60%. Understanding how these cities compare with Georgetown provides valuable insights into the varying tax landscape across Quitman County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Georgetown Tax Rate
1.60%
Average Quitman County Tax Rate
1.59%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Georgetown, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39854 | 0.85% | 1.31% | 1.60% | 2.09% | 2.88% |
Source: Ownwell
Property Tax Assessment Values Across Georgetown, Georgia
In Georgetown, 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 Quitman 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 Georgetown, 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. For instance, the median home price in Georgetown is $47,474, with tax bills ranging from $495 at the 25th percentile to $1,214 at the 75th percentile. The highest and lowest median tax bill in the area is $707 in zip code 39854. Being aware of these valuation processes in Georgetown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Georgetown Assessed Value
$47,474
Average Quitman County Assessed Value
$48,765
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Georgetown, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39854 | $13,624 | $24,751 | $47,474 | $98,836 | $182,135 |
Source: Ownwell
Property Tax Bills Across Georgetown, Georgia
In Georgetown, located in Quitman County, GA, property tax bills are calculated based on the assessed value of a property. The assessed value is a percentage of the property's market value, which is determined by the county tax assessor. Homeowners in Georgetown can expect their tax bills to vary widely; for example, the 25th percentile tax bill is $495, while the 75th percentile reaches $1214, and the 90th percentile goes up to $1980. These tax bills are influenced by several factors, including the property's location, size, and any applicable exemptions. The median home price in Georgetown is $47,474, which gives a general idea of the property values in the area. Compared to the national median property tax rate of 0.99%, Georgetown's tax rates can be considered relatively moderate, providing some relief to homeowners. Understanding these factors can help homeowners better anticipate their annual property tax obligations and manage their finances accordingly.
Average Georgetown Tax Bill
$707
Average Quitman County Tax Bill
$719
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Georgetown, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39854 | $377 | $495 | $707 | $1,214 | $1,980 |
Source: Ownwell