Omega, Georgia Property Taxes
The median property tax rate in Omega, GA is 1.19%, higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Omega being $42,800, the typical annual property tax bill is $372, which is significantly lower than the national median of $2,690. Property taxes in Omega are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Omega'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 Omega or another part of Tift County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Omega, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$509
$495
Ownwell’s OMEGA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in OMEGA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in OMEGA 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 Omega, Georgia
Property taxes in Omega, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Omega is 1.19%, notably higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Omega set these rates annually, and they can vary significantly across different neighborhoods. Each year, Omega 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 Omega's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31775 within Tift County has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Omega provides valuable insights into the varying tax landscape across Tift County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Omega Tax Rate
1.19%
Average Tift County Tax Rate
1.19%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Omega, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31775 | 0.54% | 1.12% | 1.19% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Omega, Georgia
In Omega, 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 Tift 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 Omega, 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 Omega 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 31775, with a median bill of $372, while the same zip code also shows the lowest median tax bill at $372.
Average Omega Assessed Value
$42,800
Average Tift County Assessed Value
$88,368
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Omega, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31775 | $8,101 | $16,960 | $42,800 | $80,014 | $133,734 |
Source: Ownwell
Property Tax Bills Across Omega, Georgia
In Omega, located in Tift County, GA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Omega, the median home price is $42,800. Factors such as property size, location, and improvements can influence the assessed value, and therefore, the tax bill. Homeowners in Omega can expect their property tax bills to vary significantly. The 25th percentile tax bill is $166, while the 75th percentile tax bill is $741. At the 90th percentile, the tax bill can reach up to $1,406. These figures indicate a range of tax burdens among residents, reflecting differences in property values and assessments. Compared to the national median property tax rate of 0.99%, Omega's property tax rates offer a relatively affordable option for homeowners, potentially making it an attractive place to live for those looking to minimize their annual property tax expenses.
Average Omega Tax Bill
$372
Average Tift County Tax Bill
$893
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Omega, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31775 | $89 | $166 | $372 | $741 | $1,406 |
Source: Ownwell