Griffin, Georgia Property Taxes
The median property tax rate in Griffin, GA is 1.56%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Griffin at $106,925, the typical annual property tax bill reaches $1,370, which is lower than the national median of $2,690. Property taxes in Griffin 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 Griffin'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 Griffin 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
Griffin, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$1,668
$1,548
Ownwell’s Griffin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Griffin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Griffin 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 Griffin, Georgia
Property taxes in Griffin, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Griffin is 1.56%, significantly higher than the U.S. national median of 0.99%. Local government entities within Griffin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Griffin 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 Griffin's effective property tax rate to other areas in Georgia and the national median. For comparison, the 30223 zip code has the highest median property tax rate of 1.60%, while the 30224 zip code has the lowest median tax rate of 1.53%. Understanding how these areas compare with Griffin provides valuable insights into the varying tax landscape across Spalding County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Griffin Tax Rate
1.56%
Average Spalding County Tax Rate
1.55%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Griffin, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30223 | 0.61% | 1.14% | 1.60% | 1.80% | 2.20% |
| 30224 | 0.65% | 1.12% | 1.53% | 1.79% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Griffin, Georgia
In Griffin, 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 Spalding 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 Griffin, 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. The median home price in Griffin is $106,925, with tax bills ranging significantly. For instance, the highest median tax bill is $1,802 in the 30224 zip code, while the lowest is $1,148 in the 30223 zip code. 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 Griffin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Griffin Assessed Value
$106,925
Average Spalding County Assessed Value
$111,332
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Griffin, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30223 | $14,400 | $34,284 | $83,664 | $180,964 | $298,953 |
| 30224 | $20,000 | $72,582 | $138,407 | $202,851 | $274,301 |
Source: Ownwell
Property Tax Bills Across Griffin, Georgia
In Griffin, located in Spalding County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value. Homeowners in Griffin can expect a range of property tax bills depending on their property's assessed value. For instance, the median home price in Griffin is $106,925, and property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $516 annually, while those at the 75th percentile could see bills as high as $2,682. For the top 10% of properties, tax bills can reach up to $4,082. These variations are influenced by factors such as property location, improvements, and market conditions. Compared to the national median property tax rate of 0.99%, Griffin's property taxes can be relatively affordable or burdensome depending on the specific property. Homeowners should be aware of these factors as they can significantly impact their annual financial obligations.
Average Griffin Tax Bill
$1,370
Average Spalding County Tax Bill
$1,423
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Griffin, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30223 | $154 | $450 | $1,148 | $2,446 | $4,028 |
| 30224 | $233 | $799 | $1,802 | $2,959 | $4,164 |
Source: Ownwell