Sycamore, Georgia Property Taxes
The median property tax rate in Sycamore, GA is 1.22%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Sycamore, the typical annual property tax bill reaches $871, which is lower than the national median of $2,690. Property taxes in Sycamore 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 Sycamore'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 Sycamore 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
Sycamore, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$902
$876
Ownwell’s Sycamore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sycamore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sycamore 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 Sycamore, Georgia
Property taxes in Sycamore, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sycamore is 0.83%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Sycamore set these rates annually, and they can vary across different neighborhoods. Each year, Sycamore 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 Sycamore's effective property tax rate to other counties in Georgia and the national median. For comparison, the highest median property tax rate in the area is 0.83%, while the lowest median tax rate is also 0.83%. Understanding how these cities compare with Sycamore provides valuable insights into the varying tax landscape across Turner County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sycamore Tax Rate
1.22%
Average Turner County Tax Rate
1.23%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sycamore, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31790 | 0.79% | 1.07% | 1.22% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Sycamore, Georgia
In Sycamore, 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 Turner 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 Sycamore, 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. For instance, the median home price in Sycamore is $73,936, with tax bills ranging from $490 at the 25th percentile to $2,275 at the 90th percentile. 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 Sycamore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sycamore Assessed Value
$73,936
Average Turner County Assessed Value
$62,124
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sycamore, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31790 | $23,538 | $41,089 | $73,936 | $133,372 | $224,978 |
Source: Ownwell
Property Tax Bills Across Sycamore, Georgia
In Sycamore, Turner County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For instance, if the median home price is $73,936, the assessed value is derived from this figure. The local tax rate is then applied to the assessed value to determine the tax bill. Various factors, such as property size, location, and improvements, influence the assessed value. Homeowners in Sycamore can expect a range of property tax bills. For the 25th percentile, the tax bill is around $490, while those in the 75th percentile face approximately $1,506. At the 90th percentile, the tax bill can reach up to $2,275. This variability in tax bills means that homeowners with higher-valued properties or more significant improvements will pay more in property taxes. Compared to the national median property tax rate of 0.99%, Sycamore's tax bills reflect the local economic conditions and property values, impacting homeowners' annual expenses.
Average Sycamore Tax Bill
$871
Average Turner County Tax Bill
$726
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Sycamore, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31790 | $243 | $490 | $871 | $1,506 | $2,275 |
Source: Ownwell