Nicholls, Georgia Property Taxes
The median property tax rate in Nicholls, GA is 0.85%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Nicholls at $124,710, the typical annual property tax bill amounts to $924, significantly below the national median of $2,690. Property taxes in Nicholls are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, including primary residence and agricultural exemptions. By understanding Nicholls' property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're located in the heart of Nicholls or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nicholls, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$1,060
$984
Ownwell’s Nicholls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nicholls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nicholls 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 Nicholls, Georgia
Property taxes in Nicholls, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nicholls 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 Nicholls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nicholls 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 Nicholls' effective property tax rate to other counties in Georgia and the national median. For comparison, the 31554 zip code has the highest median property tax rate of 0.85%, while the 31554 zip code also has the lowest median tax rate of 0.85%. Understanding how these cities compare with Nicholls provides valuable insights into the varying tax landscape across Ware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nicholls Tax Rate
0.85%
Average Ware County Tax Rate
1.15%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nicholls, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31554 | 0.23% | 0.57% | 0.85% | 1.15% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Nicholls, Georgia
In Nicholls, 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 Ware 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 Nicholls, 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 Nicholls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $124,710, with tax bills ranging from $440 at the 25th percentile to $2,395 at the 90th percentile. The zip code 31554 has both the highest and lowest median tax bill, standing at $924.
Average Nicholls Assessed Value
$124,710
Average Ware County Assessed Value
$82,583
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nicholls, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31554 | $37,766 | $70,173 | $124,710 | $195,103 | $292,018 |
Source: Ownwell
Property Tax Bills Across Nicholls, Georgia
In Nicholls, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the Ware County tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Nicholls can expect their property tax bills to vary significantly depending on the assessed value of their homes. For instance, the tax bill for the 25th percentile is approximately $440, while the 75th percentile tax bill is around $1,560. At the 90th percentile, homeowners might see tax bills reaching $2,395. These figures highlight the range of property tax liabilities within the city, influenced by factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, Nicholls offers a relatively affordable tax environment, with the highest median tax bill recorded at $924 in the 31554 zip code. This affordability can be a significant factor for homeowners considering the overall cost of living in Nicholls.
Average Nicholls Tax Bill
$924
Average Ware County Tax Bill
$742
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Nicholls, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31554 | $214 | $440 | $924 | $1,560 | $2,395 |
Source: Ownwell