Union Point, Georgia Property Taxes
The median property tax rate in Union Point, GA is 1.30%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Union Point at $69,500, the typical annual property tax bill reaches $918, exceeding the national median of $2,690. Property taxes in Union Point 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 Union Point'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 Union Point 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
Union Point, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$904
$838
Ownwell’s Union Point Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Union Point with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Union Point 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 Union Point, Georgia
Property taxes in Union Point, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Union Point is 1.30%, significantly higher than the U.S. national median of 0.99%. Local government entities within Union Point set these rates annually, and they can vary significantly across different neighborhoods. Each year, Union Point 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 Union Point's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30669 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Union Point provides valuable insights into the varying tax landscape across Taliaferro County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Union Point Tax Rate
1.30%
Average Taliaferro County Tax Rate
1.38%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Union Point, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30669 | 0.86% | 1.02% | 1.30% | 1.54% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Union Point, Georgia
In Union Point, Georgia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Taliaferro 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 Union Point, 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 in Union Point is $69,500, with the 25th percentile tax bill being $407 and the 75th percentile tax bill reaching $1,555. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Union Point Assessed Value
$69,500
Average Taliaferro County Assessed Value
$61,800
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Union Point, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30669 | $15,578 | $35,500 | $69,500 | $113,900 | $166,669 |
Source: Ownwell
Property Tax Bills Across Union Point, Georgia
In Union Point, property tax bills are calculated based on the assessed value of a home, which is determined by the Taliaferro County tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Union Point face a range of property tax bills, with the 25th percentile at $407 and the 75th percentile at $1,555. The highest median tax bill in the area is $918, which is relatively modest compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. These bills can significantly impact homeowners, especially those on fixed incomes, as property taxes are a recurring expense. Understanding how these taxes are calculated and what factors are involved can help homeowners better manage their finances and plan for future expenses. By staying informed, residents can ensure they are not overpaying and can take advantage of any available exemptions.
Average Union Point Tax Bill
$918
Average Taliaferro County Tax Bill
$808
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Union Point, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30669 | $196 | $407 | $918 | $1,555 | $1,902 |
Source: Ownwell