Average Tax Assessment in Echols County
Real Estate Values and Property Tax Valuation in Echols County, Georgia
Echols County has 1,231 properties with a cumulative value of $99.5M, representing 0.01% of all real estate value in Georgia. Property taxes in Echols County total $1.4M, with an average homeowner paying $1,121 in property taxes, which is lower than the state average of $2,360. The average property tax rate in Echols County is 1.39%, higher than the state average of 1.00%. Properties are typically valued for tax purposes based on their fair market value.
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 | |
|---|---|
| Echols Clerk of Court | (229) 559-5642 |
| Important Dates | |
|---|---|
| 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 | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Not Available |
| Charitable | Available |
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Real Estate Statistics in Echols County
Residential Property Taxes by Cities in Echols County
Echols County has an average property tax rate of 1.39%, which is slightly lower than the state average of 1.43%. This rate applies to all cities in the county, including Statenville and Lake Park, which have the highest and lowest effective property tax rates, respectively. Property taxes in Echols County are relatively low compared to other counties in the state, making it an attractive option for homeowners.
The effective property tax rate in Echols County varies slightly between cities, with Statenville having the highest rate of 1.39% and Lake Park having the lowest rate of 1.39%. Despite the slight difference in rates, the average property tax bill for homeowners in Echols County is still relatively low, at an average of $1,121. This makes Echols County an attractive option for homeowners looking for a place to call home.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Echols 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 |
|---|---|---|---|---|---|
| Lake Park | $15,610 | $25,548 | $57,950 | $117,688 | $194,155 |
| Statenville | $6,000 | $9,525 | $20,605 | $44,495 | $82,659 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Echols County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Lake Park | $216 | $354 | $803 | $1,631 | $2,691 |
| Statenville | $83 | $132 | $286 | $617 | $1,146 |
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 |
|---|---|---|---|---|---|
| Lake Park | 1.38% | 1.39% | 1.39% | 1.39% | 1.39% |
| Statenville | 1.38% | 1.39% | 1.39% | 1.39% | 1.39% |
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Real Estate Values in Echols County
The data from Redfin does not provide any information on the median home price in Echols County for October 2022 or October 2023. However, it does show that the home inventory in Echols County increased from 1 in October 2022 to 2 in October 2023. This suggests that the housing market in Echols County is becoming more competitive, which could lead to an increase in home prices.
Average Home Value in Echols County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Echols County
Last updated: November 2023
Percent Change in New Home Listings in Echols County
Last updated: November 2023
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Mortgage Rates in Echols County
Echols County has a total outstanding loan amount of $7.0M across home mortgages. This represents 100 outstanding loans, which is a significant amount of money for the county. The median mortgage rate in Echols County is 4.16%, which is slightly higher than the national average. However, there is a significant variation in rates across the county, with the highest median mortgage rate being 4.16% in Statenville and the lowest median mortgage rate being 4.% in Lake Park. This variation in rates can have a significant impact on the total amount of money that homeowners in Echols County will have to pay for their mortgages. On average, homeowners in Echols County are paying a rate that is slightly higher than the national average, but the variation in rates across the county can make a significant difference in the total amount of money that homeowners will have to pay for their mortgages.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Echols County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Lake Park | $29,791 | $37,937 | $68,621 | $108,745 | $147,597 |
| Statenville | $7,441 | $20,842 | $43,687 | $69,620 | $102,247 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Echols County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Lake Park | 3.10% | 3.59% | 4.00% | 5.21% | 6.25% |
| Statenville | 3.28% | 3.89% | 4.16% | 4.62% | 5.04% |
Housing Expenses in Echols County, Georgia
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