Box Springs, Georgia Property Taxes
The median property tax rate in Box Springs, GA is 1.23%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Box Springs at $82,600, the typical annual property tax bill reaches $1,020, which is still below the national median of $2,690. Property taxes in Box Springs 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 Box Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Box Springs 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
Box Springs, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,016
$943
Ownwell’s BOX SPRINGS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BOX SPRINGS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BOX SPRINGS 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 Box Springs, Georgia
Property taxes in Box Springs, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Box Springs is 1.23%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Box Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Box Springs 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 Box Springs' effective property tax rate to other counties in Georgia and the national median. For comparison, the 31801 zip code has both the highest and lowest median property tax rate of 1.23%. Understanding how these areas compare with Box Springs provides valuable insights into the varying tax landscape across Talbot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Box Springs Tax Rate
1.23%
Average Talbot County Tax Rate
1.23%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Box Springs, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31801 | 1.23% | 1.23% | 1.23% | 1.23% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Box Springs, Georgia
In Box Springs, 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 Talbot 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 Box Springs, 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 is $82,600, with tax bills ranging from $429 at the 25th percentile to $2,839 at the 90th percentile. The zip code with the highest median tax bill is 31801, with a value of $1,020, which is also the lowest median tax bill. Understanding these valuation processes helps homeowners identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Box Springs Assessed Value
$82,600
Average Talbot County Assessed Value
$71,281
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Box Springs, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31801 | $18,497 | $34,778 | $82,600 | $155,292 | $227,501 |
Source: Ownwell
Property Tax Bills Across Box Springs, Georgia
In Box Springs, located in Talbot County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Box Springs is $82,600. Homeowners' tax bills are influenced by several factors, including the assessed value, local tax rates, and any applicable exemptions. The national median property tax rate is 0.99%, while in Box Springs, the tax bills can vary significantly. For instance, the 25th percentile tax bill is $429, which is relatively low compared to the national average. However, higher-end properties can see tax bills reaching up to $2,839 at the 90th percentile. This variation highlights the impact of property value and local tax rates on homeowners. The highest median tax bill in the area is $1,020, demonstrating that even within the same zip code, there can be substantial differences in tax liabilities. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations accurately.
Average Box Springs Tax Bill
$1,020
Average Talbot County Tax Bill
$942
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Box Springs, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31801 | $228 | $429 | $1,020 | $1,913 | $2,839 |
Source: Ownwell