De Soto, Sumter County, Georgia Property Taxes
The median property tax rate in De Soto, 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 De Soto, the typical annual property tax bill reaches $451, which is significantly lower than the national median of $2,690. Property taxes in De Soto 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 De Soto'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 De Soto 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
De Soto, Sumter County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$451
$419
Ownwell’s De Soto Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in De Soto with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in De Soto 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 De Soto, Sumter County, Georgia
Property taxes in De Soto, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Soto is 1.25%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within De Soto set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Soto 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 De Soto's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31743 zip code has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with De Soto provides valuable insights into the varying tax landscape across Sumter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Soto 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 De Soto, Sumter County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31743 | 1.25% | 1.25% | 1.25% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across De Soto, Sumter County, Georgia
In De Soto, 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 local 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 De Soto, 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. The median home price in De Soto is $36,100, with tax bills ranging from $228 at the 25th percentile to $1,183 at the 90th percentile. The highest and lowest median tax bills in the area are both $451, found in the 31743 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across De Soto, Sumter County, Georgia
Source: Ownwell
$36,100
$96,825
$157,550
Average De Soto Assessed Value
$36,100
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 De Soto, Sumter County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31743 | $6,920 | $18,200 | $36,100 | $51,090 | $101,324 |
Source: Ownwell
Property Tax Bills Across De Soto, Sumter County, Georgia
In De Soto, Sumter County, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate, also known as the millage rate, is then applied to this assessed value to determine the tax bill. For example, with a median home price of $36,100, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is about $228, while at the 75th percentile, it rises to $638. For those at the 90th percentile, the tax bill can reach up to $1,183. Several factors influence these tax bills, including the local tax rate and any applicable exemptions or deductions. These property taxes significantly impact homeowners by contributing to local services like schools, infrastructure, and emergency services. Comparing these figures to the national median property tax rate of 0.99%, homeowners in De Soto might find their tax burdens relatively manageable, but it still requires careful financial planning.
Average De Soto Tax Bill
$451
Average Sumter County Tax Bill
$921
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across De Soto, Sumter County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31743 | $87 | $228 | $451 | $638 | $1,183 |
Source: Ownwell