Grantville, Georgia Property Taxes
The median property tax rate in Grantville, GA is 0.85%, which is lower than both the national median of 0.99% and Georgia's state median of 1.08%. With a median home value of $178,500 in Grantville, the typical annual property tax bill amounts to $1,520, significantly below the national median of $2,690. Property taxes in Grantville are determined based on the tax assessed value, which is generally lower than the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Grantville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Grantville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Grantville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$1,517
$1,474
Ownwell’s Grantville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grantville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grantville 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 Grantville, Georgia
Property taxes in Grantville, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grantville is 0.85%, which is lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Grantville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grantville 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 Grantville's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30220 zip code has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Grantville provides valuable insights into the varying tax landscape across Troup County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grantville Tax Rate
0.85%
Average Troup County Tax Rate
1.12%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grantville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30220 | 0.74% | 0.78% | 0.85% | 0.98% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Grantville, Georgia
In Grantville, 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 Troup 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 Grantville, 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 Grantville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,520, found in the zip code 30220.
Average Grantville Assessed Value
$178,500
Average Troup County Assessed Value
$135,885
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Grantville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30220 | $97,140 | $127,650 | $178,500 | $288,105 | $353,868 |
Source: Ownwell
Property Tax Bills Across Grantville, Georgia
In Grantville, located in Troup County, GA, property tax bills are calculated based on the assessed value of the property. The assessed value is typically a percentage of the property's market value, which is determined by the local tax assessor. For instance, if the median home price in Grantville is $178,500, the assessed value will be a fraction of this amount, subject to specific state and county regulations. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For example, the 25th percentile tax bill in Grantville is $1,189, while the 75th percentile reaches $2,172, and the 90th percentile peaks at $2,563. These figures illustrate the range of property tax burdens homeowners might face. Compared to the national median property tax rate of 0.99%, Grantville's property tax rates can vary significantly, impacting homeowners differently based on their property's assessed value and eligibility for exemptions. Understanding these factors is crucial for homeowners to anticipate their annual tax obligations accurately.
Average Grantville Tax Bill
$1,520
Average Troup County Tax Bill
$1,420
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Grantville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30220 | $990 | $1,189 | $1,520 | $2,172 | $2,563 |
Source: Ownwell