Average Tax Assessment in Fannin County
Real Estate Values and Property Tax Valuation in Fannin County, Georgia
Fannin County has a total of 17,480 properties with a cumulative value of $3.9B. This accounts for 0.48% of all real estate value in Georgia. Property taxes in Fannin County totaled $23.4M, with the average homeowner paying $1,339 in property taxes, which is lower than the state average of $2,360. The average property tax rate in Fannin County is 0.60%, while the state average is 1.00%. 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 | |
---|---|
Fannin Clerk | (903) 583-7486 |
TexasFile Clerk Records | - |
Fannin Clerk of Court | (706) 632-2039 |
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 | |
---|---|
Senior | Available |
Disabled | Available |
Homestead | Available |
Veteran | Available |
Solar/Wind | Not Available |
Charitable | Available |
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Real Estate Statistics in Fannin County
Residential Property Taxes by Cities in Fannin County
Fannin County has an average property tax rate of 0.60%, which is slightly lower than the state average of 0.62%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Fannin County are collected by the county government and are used to fund local services such as schools, roads, and public safety.
Property tax rates in Fannin County vary across cities, with the highest effective rate being 1.03% in Morganton and the lowest being 0.46% in Epworth. Property taxes in Fannin County are generally lower than the state average, making it an attractive place to live for those looking to save on their taxes. However, it is important to consider the effective rate of each city when deciding where to live in Fannin County.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Fannin 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 |
---|---|---|---|---|---|
Blue Ridge | $58,973 | $110,470 | $186,150 | $287,304 | $424,985 |
Cherry Log | $79,318 | $125,136 | $185,238 | $281,688 | $427,727 |
Epworth | $42,461 | $86,269 | $149,961 | $233,699 | $315,031 |
Mc Caysville | $28,530 | $52,200 | $105,693 | $188,544 | $284,416 |
Mineral Bluff | $47,656 | $102,926 | $180,622 | $276,821 | $376,610 |
Morganton | $44,960 | $98,668 | $183,985 | $277,184 | $462,910 |
Suches | $65,387 | $109,807 | $182,107 | $270,730 | $371,277 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Fannin County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Blue Ridge | $195 | $489 | $887 | $1,459 | $2,184 |
Cherry Log | $303 | $607 | $915 | $1,419 | $2,163 |
Epworth | $106 | $320 | $662 | $1,105 | $1,587 |
Mc Caysville | $77 | $194 | $449 | $890 | $1,343 |
Mineral Bluff | $154 | $430 | $865 | $1,379 | $1,924 |
Morganton | $166 | $412 | $861 | $1,406 | $2,171 |
Suches | $286 | $529 | $887 | $1,344 | $1,826 |
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 |
---|---|---|---|---|---|
Blue Ridge | 0.33% | 0.44% | 0.48% | 0.51% | 0.51% |
Cherry Log | 0.38% | 0.49% | 0.49% | 0.50% | 0.51% |
Epworth | 0.25% | 0.37% | 0.44% | 0.47% | 0.50% |
Mc Caysville | 0.27% | 0.37% | 0.42% | 0.47% | 0.47% |
Mineral Bluff | 0.32% | 0.42% | 0.48% | 0.50% | 0.51% |
Morganton | 0.37% | 0.42% | 0.47% | 0.51% | 0.47% |
Suches | 0.44% | 0.48% | 0.49% | 0.50% | 0.49% |
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Real Estate Values in Fannin County
The median home price in Fannin County, Georgia has increased by 11.34% from October 2022 to October 2023, from $485.0K to $540.0K. This is a significant increase in home prices in the area, indicating a strong housing market. The home inventory in Fannin County has also increased slightly, from 492 in October 2022 to 497 in October 2023. This suggests that there is a healthy supply of homes in the area, which is helping to keep prices stable. Overall, the data from Redfin indicates that the housing market in Fannin County is strong and growing.
Average Home Value in Fannin County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Fannin County
Last updated: November 2023
Percent Change in New Home Listings in Fannin County
Last updated: November 2023
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Mortgage Rates in Fannin County
Fannin County has a total of $1.0 billion in outstanding home mortgage loans. This is equivalent to 4.2 thousand loans, representing a significant portion of the total home value in the county. The median mortgage rate in Fannin County varies across cities, with Mc Caysville having the highest rate of 3.9%, while Suches has the lowest rate of 3.9%. This variation in rates across cities indicates that potential home buyers in Fannin County have a wide range of options when it comes to choosing the best mortgage rate for their needs.
Overall, the total outstanding loan amount across home mortgages in Fannin County is a significant portion of the total home value in the county. This indicates that the county is a popular destination for home buyers, as evidenced by the wide range of mortgage rates available to them. With the right research and comparison, potential home buyers in Fannin County can find the best mortgage rate for their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Fannin County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Blue Ridge | $70,814 | $116,299 | $193,413 | $343,955 | $489,430 |
Cherry Log | $89,904 | $140,577 | $218,568 | $371,668 | $543,502 |
Epworth | $56,816 | $90,903 | $139,005 | $233,680 | $403,274 |
Mc Caysville | $50,506 | $81,854 | $132,122 | $238,443 | $354,745 |
Mineral Bluff | $67,511 | $115,320 | $184,401 | $296,361 | $467,764 |
Morganton | $68,379 | $121,527 | $187,076 | $311,819 | $458,665 |
Suches | $60,055 | $105,117 | $168,560 | $255,911 | $335,296 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Fannin County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Blue Ridge | 2.80% | 3.10% | 3.88% | 4.44% | 5.60% |
Cherry Log | 2.80% | 3.10% | 3.85% | 4.32% | 5.23% |
Epworth | 2.90% | 3.42% | 3.89% | 4.60% | 5.98% |
Mc Caysville | 2.90% | 3.25% | 3.90% | 4.56% | 5.63% |
Mineral Bluff | 2.80% | 3.30% | 3.89% | 4.44% | 5.69% |
Morganton | 2.80% | 3.20% | 3.85% | 4.44% | 5.72% |
Suches | 2.80% | 3.20% | 3.90% | 4.39% | 5.08% |
Housing Expenses in Fannin County, Georgia
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