Newington, Georgia Property Taxes
The median property tax rate in Newington, GA is 1.24%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Newington, the typical annual property tax bill reaches $738, which is below the national median of $2,690. Property taxes in Newington 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 Newington'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 Newington 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
Newington, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$747
$726
Ownwell’s Newington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newington 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 Newington, Georgia
Property taxes in Newington, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newington is 1.24%, higher than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Newington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newington 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 Newington's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30446 zip code has both the highest and lowest median property tax rate of 1.24%. Understanding how these cities compare with Newington provides valuable insights into the varying tax landscape across Screven County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newington Tax Rate
1.24%
Average Screven County Tax Rate
1.26%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newington, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30446 | 0.95% | 1.15% | 1.24% | 1.39% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Newington, Georgia
In Newington, 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 Screven 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 Newington, 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 median home price in Newington is $60,255, with property tax bills ranging from $416 at the 25th percentile to $2,174 at the 90th percentile. The zip code with the highest and lowest median tax bill is 30446, both at $738. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Newington Assessed Value
$60,255
Average Screven County Assessed Value
$66,910
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newington, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30446 | $17,289 | $32,282 | $60,255 | $113,040 | $208,090 |
Source: Ownwell
Property Tax Bills Across Newington, Georgia
In Newington, Screven County, GA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. For homeowners in this area, the median home price stands at $60,255. The tax bill is influenced by several factors, including the local tax rate and any applicable exemptions. To determine the tax bill, the assessed value is multiplied by the local tax rate. For instance, the 25th percentile tax bill is around $416, while the 75th percentile tax bill rises to $1,281, and the 90th percentile tax bill reaches $2,174. These figures highlight the range of tax obligations homeowners might face, depending on their property's value and any exemptions they qualify for. Compared to the national median property tax rate of 0.99%, Newington's rates can be quite variable. Homeowners should be aware of these factors as they significantly impact their annual financial planning and long-term investment in their property.
Average Newington Tax Bill
$738
Average Screven County Tax Bill
$790
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Newington, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30446 | $231 | $416 | $738 | $1,281 | $2,174 |
Source: Ownwell