Average Tax Assessment in Fayette County
Real Estate Values and Property Tax Valuation in Fayette County, Georgia
Fayette County has 40,632 properties with a cumulative value of $14.0B, representing 1.75% of all real estate value in Georgia. Property taxes in Fayette County totaled $128.1M, with an average homeowner paying $3,194 in property taxes compared to the state average of $2,360. The average property tax rate in Fayette County is 0.91%, lower than the state average of 1.00%. Property taxes are based on the assessed value of the property, which is typically lower than the 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 | |
|---|---|
| Fayette Clerk | (979) 968-3251 |
| TexasFile Clerk Records | - |
| Fayette Assessor | (724) 430-1350 |
| Fayette Assessor | (304) 574-4240 |
| 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 Fayette County
Residential Property Taxes by Cities in Fayette County
Fayette County has an average property tax rate of 0.91%, which is slightly lower than the state average of 1.04%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. The average property tax bill in Fayette County is $3,194. Property tax rates vary across the cities in the county, with Peachtree City having the highest effective property tax rate at 0.98%, and Jonesboro having the lowest effective property tax rate at 0.77%. This means that property owners in Peachtree City will pay more in taxes than those in Jonesboro. Overall, Fayette County has a relatively low property tax rate compared to other counties in the state, making it an attractive option for those looking to purchase a home.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Fayette 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 |
|---|---|---|---|---|---|
| Brooks | $118,614 | $267,640 | $407,910 | $573,080 | $773,704 |
| Fayetteville | $167,175 | $215,882 | $280,000 | $382,385 | $518,750 |
| Jonesboro | $152,500 | $169,700 | $191,700 | $233,300 | $274,530 |
| Peachtree City | $212,900 | $275,638 | $356,850 | $455,800 | $597,920 |
| Senoia | $187,840 | $206,775 | $260,100 | $393,210 | $554,211 |
| Tyrone | $182,008 | $254,875 | $331,975 | $430,975 | $539,990 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Fayette County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooks | $978 | $1,522 | $3,229 | $5,179 | $7,038 |
| Fayetteville | $782 | $1,395 | $2,396 | $3,630 | $5,165 |
| Jonesboro | $566 | $830 | $1,648 | $2,026 | $2,555 |
| Peachtree City | $1,398 | $2,297 | $3,556 | $4,888 | $6,414 |
| Senoia | $1,167 | $1,824 | $2,392 | $4,082 | $5,320 |
| Tyrone | $1,089 | $1,975 | $3,232 | $4,767 | $5,936 |
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 |
|---|---|---|---|---|---|
| Brooks | 0.82% | 0.57% | 0.79% | 0.90% | 0.91% |
| Fayetteville | 0.47% | 0.65% | 0.86% | 0.95% | 1.00% |
| Jonesboro | 0.37% | 0.49% | 0.86% | 0.87% | 0.93% |
| Peachtree City | 0.66% | 0.83% | 1.00% | 1.07% | 1.07% |
| Senoia | 0.62% | 0.88% | 0.92% | 1.04% | 0.96% |
| Tyrone | 0.60% | 0.77% | 0.97% | 1.11% | 1.10% |
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Real Estate Values in Fayette County
The data from Redfin shows that the median home price in Fayette County decreased by 2.89% from October 2022 to October 2023. Additionally, the home inventory in Fayette County decreased by 18.7% from October 2022 to October 2023. This suggests that the housing market in Fayette County is becoming more competitive, as there are fewer homes available for sale. This trend is likely reflective of the overall housing market in Georgia, which is seeing an increase in demand and a decrease in supply.
Average Home Value in Fayette County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Fayette County
Last updated: November 2023
Percent Change in New Home Listings in Fayette County
Last updated: November 2023
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Mortgage Rates in Fayette County
Fayette County is home to a large amount of outstanding home mortgage loans, totaling $6.4 billion. This represents a significant portion of the county's total home value, and is indicative of the strong housing market in the area. The number of outstanding loans in Fayette County is 23,000, which is a testament to the popularity of mortgages in the area.
The median mortgage rate in Fayette County varies across cities, with Jonesboro having the highest rate at 4.81%, and Brooks having the lowest rate at 4.19%. This variation in rates allows potential homeowners to find the best deal for their needs, and can help them save money on their mortgage payments. Overall, Fayette County is a great place to find a mortgage, with a wide range of rates and a large amount of outstanding loans.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Fayette County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooks | $72,739 | $131,147 | $254,405 | $358,454 | $474,530 |
| Fayetteville | $63,960 | $101,454 | $169,498 | $268,555 | $375,622 |
| Jonesboro | $44,940 | $68,683 | $106,801 | $151,489 | $200,198 |
| Peachtree City | $67,474 | $113,919 | $203,678 | $310,523 | $411,433 |
| Senoia | $60,809 | $92,307 | $163,151 | $280,309 | $357,919 |
| Tyrone | $76,048 | $128,022 | $213,218 | $310,106 | $407,893 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Fayette County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brooks | 2.90% | 3.50% | 4.19% | 5.73% | 7.03% |
| Fayetteville | 3.00% | 3.65% | 4.40% | 6.17% | 7.19% |
| Jonesboro | 3.00% | 3.88% | 4.81% | 6.51% | 7.54% |
| Peachtree City | 2.90% | 3.60% | 4.30% | 5.98% | 7.11% |
| Senoia | 3.07% | 3.71% | 4.40% | 6.19% | 7.04% |
| Tyrone | 2.90% | 3.61% | 4.38% | 6.04% | 7.08% |
Housing Expenses in Fayette County, Georgia
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