Boston, Georgia Property Taxes
The median property tax rate in Boston, GA is 0.98%, slightly below the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Boston at $110,650, the typical annual property tax bill amounts to $1,301, which is significantly lower than the national median of $2,690. Property taxes in Boston are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Boston'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 Boston 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
Boston, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,084
$1,006
Ownwell’s Boston Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Boston with just two simple data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate specific to Boston to provide an accurate estimate of your property tax bill. This valuable tool offers insight into your potential tax liabilities, helping you make informed financial decisions. For those interested in more granular data, you can explore trends at the neighborhood level by scrolling down. Remember, your property’s assessed value is determined by the county for tax purposes, taking into consideration any applicable exemptions.
Property Tax Rates Across Boston, Georgia
Property taxes in Boston, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boston is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Boston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boston 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 Boston's effective property tax rate to other areas in Georgia and the national median. For comparison, the 31626 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Boston provides valuable insights into the varying tax landscape across Thomas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boston Tax Rate
0.98%
Average Thomas County Tax Rate
1.01%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boston, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31626 | 0.89% | 0.98% | 0.98% | 1.56% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Boston, Georgia
In Boston, 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 Thomas 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 Boston, 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 Boston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 31626, with a tax bill of $1,301.
Average Boston Assessed Value
$110,650
Average Thomas County Assessed Value
$133,872
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boston, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31626 | $21,731 | $52,454 | $110,650 | $219,522 | $399,977 |
Source: Ownwell
Property Tax Bills Across Boston, Georgia
In Boston, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For homeowners in Thomas County, the median home price stands at $110,650. Tax bills vary significantly, with the 25th percentile at $607, the 75th percentile at $2,470, and the 90th percentile reaching $3,872. The highest and lowest median tax bills both fall at $1,301 in the zip code 31626, suggesting uniformity within that area. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners to understand how local rates and assessed values impact their financial obligations. High property taxes can affect affordability, while lower taxes might make homeownership more appealing. Understanding these dynamics helps homeowners plan and manage their expenses effectively.
Average Boston Tax Bill
$1,301
Average Thomas County Tax Bill
$1,363
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Boston, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31626 | $302 | $607 | $1,301 | $2,470 | $3,872 |
Source: Ownwell