Rabun Gap, Georgia Property Taxes
The median property tax rate in Rabun Gap, GA is 0.73%, which is considerably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Rabun Gap at $170,677, the typical annual property tax bill reaches $1,246, well below the national median of $2,690. Property taxes in Rabun Gap 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 Rabun Gap'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 Rabun Gap 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
Rabun Gap, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,246
$1,156
Ownwell’s Rabun Gap Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rabun Gap with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rabun Gap 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 Rabun Gap, Georgia
Property taxes in Rabun Gap, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rabun Gap is 0.73%, which is lower than the U.S. national median of 0.99%. Local government entities within Rabun Gap set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rabun Gap 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 Rabun Gap's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30568 zip code has both the highest and the lowest median property tax rate of 0.73%. Understanding how these areas compare with Rabun Gap provides valuable insights into the varying tax landscape across Rabun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rabun Gap Tax Rate
0.73%
Average Rabun County Tax Rate
0.73%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rabun Gap, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30568 | 0.57% | 0.71% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Rabun Gap, Georgia
In Rabun Gap, 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 local 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 Rabun Gap, 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 Rabun Gap 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 $1,246, found in the 30568 zip code.
Average Rabun Gap Assessed Value
$170,677
Average Rabun County Assessed Value
$181,668
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rabun Gap, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30568 | $30,575 | $100,576 | $170,677 | $260,928 | $364,525 |
Source: Ownwell
Property Tax Bills Across Rabun Gap, Georgia
In Rabun Gap, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value, and it serves as the basis for the tax calculation. The tax rate, or millage rate, is then applied to the assessed value to generate the annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. For homeowners in Rabun Gap, the median home price is $170,677. Property tax bills in the area can vary significantly, with the 25th percentile at $778 and the 75th percentile at $1,884. At the 90th percentile, tax bills can reach up to $2,545. Compared to the national median property tax rate of 0.99%, Rabun Gap's property taxes can be relatively moderate, offering a balance between affordability and the quality of local services funded by these taxes. This variability in property tax bills can significantly impact homeowners' annual expenses and long-term financial planning.
Average Rabun Gap Tax Bill
$1,246
Average Rabun County Tax Bill
$1,337
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Rabun Gap, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30568 | $351 | $778 | $1,246 | $1,884 | $2,545 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Tax Bill | |
| Issued | September 1 |
| Due Date #1 | September 15 |
| Due Date #2 | November 15 |
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