Average Tax Assessment in Colquitt County
Real Estate Values and Property Tax Valuation in Colquitt County, Georgia
Colquitt County has 12,803 properties with a cumulative value of $1.4B, making up 0.17% of all real estate value in Georgia. The average property tax rate in Colquitt County is 1.00%, and the average homeowner pays $1,078 in property taxes compared to the state average of $2,360. Property taxes are calculated based on the assessed value of the property.
The property tax timeline in Georgia begins on January 1st, when the property values are assessed. Property value notices are then issued between April and July, and property owners have 30 to 45 days after the notices are mailed to file an appeal. Finally, property tax bills are issued on September 1st.
Updated November 01, 2023
Important Links | |
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Colquitt Clerk of Court | (229) 616-7420 |
Important Dates | |
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Property Valuation Date: | January 1st |
Property Value Notices Issued: | April - July |
Property Tax Appeal Deadline: | 30 to 45 days after notices mailed |
Property Tax Bills Issued: | September 1st |
Real Property Tax Bill Due (1st of #): | May - December, Varies by jurisdiction, Fulton County - October 15th |
Available Exemptions | |
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Senior | Available |
Disabled | Available |
Homestead | Available |
Veteran | Available |
Solar/Wind | Not Available |
Charitable | Available |
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Real Estate Statistics in Colquitt County
Residential Property Taxes by Cities in Colquitt County
Colquitt County has an average property tax rate of 1.00%, which is slightly lower than the state average of 1.07%. This rate is applied to all properties in the county, regardless of location. However, there is variation in the effective property tax rate across the cities in Colquitt County. The city of Moultrie has the highest effective property tax rate at 1.04%, while the city of Hartsfield has the lowest effective property tax rate at 0.82%. This means that property owners in Moultrie will pay more in property taxes than those in Hartsfield.
Overall, Colquitt County has a relatively low property tax rate compared to other counties in the state. However, it is important to note that the effective property tax rate can vary significantly across the cities in the county. Property owners should be aware of the differences in rates when considering where to purchase a home or other property.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Colquitt County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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Doerun | $19,144 | $35,319 | $64,406 | $113,873 | $218,653 |
Hartsfield | $28,791 | $53,386 | $97,163 | $165,878 | $255,814 |
Moultrie | $19,558 | $36,041 | $71,732 | $142,433 | $224,163 |
Norman Park | $19,979 | $35,720 | $67,823 | $131,951 | $228,300 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Colquitt County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Doerun | $179 | $351 | $658 | $1,142 | $1,991 |
Hartsfield | $255 | $482 | $881 | $1,429 | $2,158 |
Moultrie | $201 | $385 | $776 | $1,475 | $2,315 |
Norman Park | $179 | $341 | $694 | $1,297 | $2,084 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Doerun | 0.94% | 0.99% | 1.02% | 1.00% | 0.91% |
Hartsfield | 0.89% | 0.90% | 0.91% | 0.86% | 0.84% |
Moultrie | 1.03% | 1.07% | 1.08% | 1.04% | 1.03% |
Norman Park | 0.90% | 0.95% | 1.02% | 0.98% | 0.91% |
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Real Estate Values in Colquitt County
The data from Redfin shows that the median home price in Colquitt County, Georgia decreased by 45.37% from October 2022 to October 2023. This indicates that the housing market in Colquitt County has been experiencing a significant decline in prices over the past year. Additionally, the home inventory in Colquitt County has increased significantly, from 2 in October 2022 to 52 in October 2023. This suggests that there is an abundance of homes available for purchase in the area, which could be contributing to the decrease in home prices. Overall, the data from Redfin indicates that the housing market in Colquitt County, Georgia is experiencing a significant decline in home prices.
Average Home Value in Colquitt County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Colquitt County
Last updated: November 2023
Percent Change in New Home Listings in Colquitt County
Last updated: November 2023
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Mortgage Rates in Colquitt County
Mortgages in Colquitt County are a major source of financing for homeowners. According to recent statistics, there is a total of $226.1 million in outstanding loans across the county. This amounts to approximately 2,000 outstanding loans, representing a significant portion of the total home value in the county. The median mortgage rate in Colquitt County varies across cities, with Hartsfield having the highest median rate at 4.31%, and Norman Park having the lowest at 4.02%. This variation in rates provides homeowners with the opportunity to find the best deal for their financial situation. Overall, mortgages in Colquitt County are an important source of financing for homeowners, and the variation in rates across cities provides an opportunity for homeowners to find the best deal for their financial situation.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Colquitt County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Doerun | $22,773 | $40,599 | $64,797 | $103,833 | $156,263 |
Hartsfield | $37,370 | $53,351 | $101,824 | $127,946 | $160,163 |
Moultrie | $34,540 | $60,414 | $98,075 | $152,358 | $216,217 |
Norman Park | $29,626 | $49,968 | $80,060 | $118,973 | $180,600 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Colquitt County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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Doerun | 2.90% | 3.56% | 4.05% | 5.11% | 6.20% |
Hartsfield | 2.98% | 3.47% | 4.31% | 5.58% | 6.25% |
Moultrie | 2.90% | 3.55% | 4.15% | 5.15% | 6.19% |
Norman Park | 3.10% | 3.57% | 4.02% | 4.77% | 5.98% |
Housing Expenses in Colquitt County, Georgia
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