Cobb, Georgia Property Taxes
The median property tax rate in Cobb, GA is 1.25%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Cobb, the typical annual property tax bill reaches $1,974, which is still below the national median of $2,690. Property taxes in Cobb 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 Cobb'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 Cobb 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
Cobb, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Cobb Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cobb with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cobb 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 Cobb, Georgia
Property taxes in Cobb, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cobb is 1.05%, slightly higher than the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Cobb set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cobb 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 Cobb's effective property tax rate to other counties in Georgia and the national median. For comparison, the highest median property tax rate in the county is also 1.05%, while the lowest median tax rate is the same at 1.05%. Understanding how these cities compare with Cobb provides valuable insights into the varying tax landscape across Cobb County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cobb Tax Rate
1.25%
Average Sumter County Tax Rate
1.25%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cobb, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31735 | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Cobb, Georgia
In Cobb, 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 Cobb 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 Cobb, 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 Cobb helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cobb Assessed Value
$157,550
Average Sumter County Assessed Value
$58,440
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cobb, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31735 | $21,525 | $66,332 | $157,550 | $245,815 | $325,525 |
Source: Ownwell
Property Tax Bills Across Cobb, Georgia
In Cobb, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Cobb is $157,550. Property taxes in Cobb are calculated by applying the local tax rate to the assessed value of the property. The tax bill can vary significantly depending on the home's value and the specific tax rate applied by the county. For homeowners in Cobb, the 25th percentile tax bill is around $820, while the 75th percentile tax bill reaches up to $3,047. Those in the 90th percentile might see tax bills as high as $4,049. These figures illustrate how property taxes can vary widely within the same region. Compared to the national median property tax rate of 0.99%, Cobb's property taxes demonstrate a range that can significantly impact homeowners' annual expenses. Understanding these factors is crucial for homeowners to anticipate their tax liabilities and plan their finances accordingly.
Average Cobb Tax Bill
$1,974
Average Sumter County Tax Bill
$921
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Cobb, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31735 | $268 | $820 | $1,974 | $3,047 | $4,049 |
Source: Ownwell