Oconee, Georgia Property Taxes
The median property tax rate in Oconee, GA is 0.82%, lower than both the national median of 0.99% and the Georgia state median of 0.92%. With a median home value of $322,500 in Oconee, the typical annual property tax bill amounts to $2,645, slightly below the national median of $2,690. Property taxes in Oconee are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Oconee'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 Oconee 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
Oconee, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$1,268
$1,232
Ownwell’s Oconee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oconee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oconee 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 Oconee, Georgia
Property taxes in Oconee, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oconee is 0.83%, which is lower than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Oconee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oconee 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 Oconee's effective property tax rate to other counties in Georgia and the national median. For comparison, Oconee has a uniform median property tax rate of 0.83% across all zip codes. Understanding how these rates compare with other areas provides valuable insights into the varying tax landscape across Oconee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Oconee Tax Rate
1.13%
Average Washington County Tax Rate
1.17%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oconee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31067 | 1.01% | 1.11% | 1.13% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Oconee, Georgia
In Oconee, 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 local 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 Oconee, 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 Oconee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1251 in the 31067 zip code, while the lowest median tax bill is also $1251 in the same zip code.
Average Oconee Assessed Value
$112,228
Average Washington County Assessed Value
$72,145
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oconee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31067 | $39,140 | $91,700 | $112,228 | $148,810 | $155,551 |
Source: Ownwell
Property Tax Bills Across Oconee, Georgia
In Oconee, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and any applicable exemptions or deductions also influence the final amount. For instance, the median home price in Oconee is $112,228, and property tax bills can range significantly. Homeowners in the 25th percentile pay around $868, while those in the 75th percentile face bills of approximately $1,736. At the 90th percentile, the tax bill can reach up to $1,779. This range illustrates how varying property values and local tax rates can impact homeowners differently. Compared to the national median property tax rate of 0.99%, Oconee's tax rates can be relatively moderate, offering some financial relief to homeowners in the area. Understanding these factors helps homeowners anticipate their annual tax obligations and plan accordingly.
Average Oconee Tax Bill
$1,251
Average Washington County Tax Bill
$762
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Oconee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31067 | $376 | $868 | $1,251 | $1,736 | $1,779 |
Source: Ownwell