Sylvester, Georgia Property Taxes
The median property tax rate in Sylvester, GA is 1.14%, which is higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Sylvester at $79,610, the typical annual property tax bill is $871, which is below the national median of $2,690. Property taxes in Sylvester are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Sylvester's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're located in the heart of Sylvester or elsewhere in the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sylvester, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$908
$881
Ownwell’s Sylvester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sylvester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sylvester 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 Sylvester, Georgia
Property taxes in Sylvester, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sylvester is 1.14%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Sylvester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sylvester 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 Sylvester's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31791 zip code has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Sylvester provides valuable insights into the varying tax landscape across Worth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sylvester Tax Rate
1.14%
Average Worth County Tax Rate
1.14%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sylvester, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31791 | 0.52% | 0.76% | 1.14% | 1.44% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Sylvester, Georgia
In Sylvester, 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 Worth 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 Sylvester, 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 Sylvester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 31791, with a median of $871, which is also the lowest median tax bill in the area.
Average Sylvester Assessed Value
$79,610
Average Worth County Assessed Value
$79,652
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sylvester, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31791 | $29,638 | $49,554 | $79,610 | $135,210 | $223,591 |
Source: Ownwell
Property Tax Bills Across Sylvester, Georgia
In Sylvester, located in Worth County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county tax assessor. This assessed value is a percentage of the property's market value. Once the assessment is made, local tax rates, also known as millage rates, are applied to calculate the final tax bill. Homeowners in Sylvester experience a range of property tax bills. For instance, the 25th percentile tax bill is around $418, while the 75th percentile tax bill reaches up to $1,521. The 90th percentile tax bill can go as high as $2,374. The median home price in Sylvester is $79,610, which influences these tax amounts. Compared to the national median property tax rate of 0.99%, Sylvester’s property taxes can vary significantly depending on the assessed value and applicable exemptions. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average Sylvester Tax Bill
$871
Average Worth County Tax Bill
$864
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Sylvester, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31791 | $264 | $418 | $871 | $1,521 | $2,374 |
Source: Ownwell