Martin, Georgia Property Taxes
The median property tax rate in Martin, GA is 1.19%, which is notably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Martin at $138,162, the typical annual property tax bill amounts to $1,350, still below the national median of $2,690. Property taxes in Martin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Martin'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 Martin or another part of Stephens County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Martin, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,644
$1,597
Ownwell’s Martin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Martin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Martin 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 Martin, Georgia
Property taxes in Martin, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Martin is 0.83%, which is lower than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Martin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Martin 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 Martin's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30557 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these areas compare with Martin provides valuable insights into the varying tax landscape across Stephens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Martin Tax Rate
1.19%
Average Stephens County Tax Rate
1.19%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Martin, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30557 | 0.77% | 1.10% | 1.19% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Martin, Georgia
In Martin, 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 Stephens 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 Martin, 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 Martin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 30557 has both the highest and lowest median tax bill at $1,350.
Average Martin Assessed Value
$138,162
Average Stephens County Assessed Value
$95,255
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Martin, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30557 | $25,733 | $53,948 | $138,162 | $270,338 | $380,606 |
Source: Ownwell
Property Tax Bills Across Martin, Georgia
In Martin, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine your tax bill. For example, the median home price in Martin is $138,162, and the tax bill can range significantly. Homeowners at the 25th percentile pay around $534, while those at the 75th percentile see bills closer to $2,942. The highest tax bills, at the 90th percentile, can reach up to $4,338. These figures show a wide range of property tax burdens, influenced by factors such as property value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Martin's rates can vary widely depending on specific circumstances. Homeowners should be aware of these factors, as they directly impact the annual financial commitment required to maintain their property. Understanding how these elements interact can help homeowners better plan and budget for their property taxes.
Average Martin Tax Bill
$1,350
Average Stephens County Tax Bill
$930
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Martin, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30557 | $243 | $534 | $1,350 | $2,942 | $4,338 |
Source: Ownwell