Hampton, Georgia Property Taxes
The median property tax rate in Hampton, GA is 1.58%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Hampton at $96,685, the typical annual property tax bill reaches $1,215, exceeding the national median of $2,690. Property taxes in Hampton 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 Hampton'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 Hampton 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
Hampton, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$1,528
$1,484
Ownwell’s Hampton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hampton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hampton 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 Hampton, Georgia
Property taxes in Hampton, Georgia, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Hampton is 1.58%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hampton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hampton 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. Understanding how Hampton's effective property tax rate compares to other areas within Spalding County and the national median helps homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hampton Tax Rate
1.58%
Average Spalding County Tax Rate
1.55%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hampton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30228 | 0.50% | 1.04% | 1.58% | 1.79% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Hampton, Georgia
In Hampton, 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 Hampton, 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 Hampton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hampton is $96,685, and the median tax bill varies significantly, with the 25th percentile at $589 and the 90th percentile reaching $3,351. The zip code 30228 has both the highest and lowest median tax bill at $1,215.
Average Hampton Assessed Value
$96,685
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 Hampton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30228 | $21,373 | $52,506 | $96,685 | $147,482 | $244,955 |
Source: Ownwell
Property Tax Bills Across Hampton, Georgia
In Hampton, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the home's assessed value, the local tax rate, and any applicable exemptions or deductions. For instance, in Hampton, homeowners can expect tax bills to vary significantly. The 25th percentile tax bill is around $589, while the 75th percentile tax bill can go up to $2,196. At the higher end, the 90th percentile tax bill reaches $3,351. This variation reflects differences in property values and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Hampton's property tax bills can be higher or lower depending on these factors. Homeowners in Hampton need to be aware of these factors to understand their tax obligations and potential savings through exemptions.
Average Hampton Tax Bill
$1,215
Average Spalding County Tax Bill
$1,423
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Hampton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30228 | $163 | $589 | $1,215 | $2,196 | $3,351 |
Source: Ownwell