Allentown, Georgia Property Taxes
The median property tax rate in Allentown, GA is 1.24%, notably higher than both the national median of 0.99% and Georgia's state median of 1.08%. With a median home value of $73,236 in Allentown, the typical annual property tax bill is $760, which is lower than the national median of $2,690. Property taxes in Allentown are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Allentown'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 Allentown 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
Allentown, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$908
$882
Ownwell’s Allentown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Allentown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Allentown 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 Allentown, Georgia
Property taxes in Allentown, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Allentown is 1.24%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Allentown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Allentown 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 Allentown's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31017 zip code has the highest median property tax rate of 1.25%, while the 31003 zip code has the lowest median tax rate of 0.60%. Understanding how these cities compare with Allentown provides valuable insights into the varying tax landscape across Wilkinson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Allentown Tax Rate
1.24%
Average Wilkinson County Tax Rate
1.36%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Allentown, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31003 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
| 31017 | 0.55% | 0.95% | 1.25% | 1.36% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Allentown, Georgia
In ALLENTOWN, 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 Wilkinson 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. 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. The median home price in ALLENTOWN is $73,236. The highest median tax bill in the area is $1,383 in the 31003 zip code, while the lowest median tax bill is $719 in the 31017 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Allentown Assessed Value
$73,236
Average Wilkinson County Assessed Value
$56,049
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Allentown, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31003 | $229,638 | $229,638 | $229,638 | $229,638 | $229,638 |
| 31017 | $26,765 | $47,716 | $73,141 | $105,325 | $148,359 |
Source: Ownwell
Property Tax Bills Across Allentown, Georgia
In Allentown, located in Wilkinson County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Allentown is $73,236. Homeowners can expect their property tax bills to fall within a range, with the 25th percentile at $460 and the 75th percentile at $1,192. For those at the higher end, the 90th percentile tax bill reaches $1,505. The property tax rate in Wilkinson County is influenced by various factors including local government budgets, school funding requirements, and public services. These factors collectively determine the tax rate applied to the assessed value of the property. Homeowners in zip code 31003 experience the highest median tax bill at $1,383, while those in zip code 31017 have the lowest at $719. Compared to the national median property tax rate of 0.99%, Allentown's property tax rates can significantly impact homeowners, affecting their annual financial planning and overall cost of homeownership.
Average Allentown Tax Bill
$760
Average Wilkinson County Tax Bill
$637
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Allentown, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31003 | $1,383 | $1,383 | $1,383 | $1,383 | $1,383 |
| 31017 | $215 | $451 | $719 | $1,154 | $1,519 |
Source: Ownwell