Average Tax Assessment in Gilmer County
Real Estate Values and Property Tax Valuation in Gilmer County, Georgia
Gilmer County has a total of 15,697 properties with a cumulative value of $3.7B, representing 0.46% of all real estate value in Georgia. Property taxes in Gilmer County totaled $21.5M, with an average homeowner paying $1,373 in property taxes compared to the state average of $2,360. The average property tax rate in Gilmer County is 0.58%, while the state average is 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 | |
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Gilmer Clerk | (304) 462-7641 |
Gilmer Clerk of Court | (706) 635-4462 |
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 Gilmer County
Residential Property Taxes by Cities in Gilmer County
Gilmer County has an average property tax rate of 0.58%, which is lower than the national average of 1.08%. This makes Gilmer County an attractive place to live for those looking to save on their property taxes. The city of Blue Ridge has the highest effective property tax rate in the county at 0.69%, while the city of Talking Rock has the lowest effective property tax rate at 0.51%. This shows that there is a significant difference in property tax rates across the cities in Gilmer County. The lower rate in Talking Rock makes it an attractive option for those looking to save on their property taxes. Overall, Gilmer County has a relatively low property tax rate compared to the rest of the country, making it a desirable place to live for those looking to save on their taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Gilmer 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 | $162,520 | $196,400 | $240,900 | $298,900 | $373,130 |
Cherry Log | $93,800 | $170,425 | $245,000 | $323,080 | $454,050 |
Ellijay | $42,937 | $121,150 | $215,490 | $304,280 | $406,672 |
Talking Rock | $39,592 | $78,730 | $194,100 | $322,950 | $465,600 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Gilmer County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Blue Ridge | $504 | $1,315 | $1,732 | $2,210 | $2,760 |
Cherry Log | $339 | $674 | $1,441 | $2,166 | $2,795 |
Ellijay | $213 | $455 | $1,073 | $1,930 | $2,704 |
Talking Rock | $204 | $417 | $821 | $1,639 | $2,596 |
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 | 0.31% | 0.67% | 0.72% | 0.74% | 0.74% |
Cherry Log | 0.36% | 0.40% | 0.59% | 0.67% | 0.62% |
Ellijay | 0.50% | 0.38% | 0.50% | 0.63% | 0.66% |
Talking Rock | 0.52% | 0.53% | 0.42% | 0.51% | 0.56% |
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Real Estate Values in Gilmer County
The data from Redfin shows that the median home price in Gilmer County decreased by 6.12% from October 2022 to October 2023. This indicates that the housing market in Georgia is cooling off, as home prices are decreasing. Additionally, the home inventory in Gilmer County remained relatively unchanged, suggesting that the decrease in home prices is not due to an increase in supply.
Average Home Value in Gilmer County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Gilmer County
Last updated: November 2023
Percent Change in New Home Listings in Gilmer County
Last updated: November 2023
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Mortgage Rates in Gilmer County
Mortgages in Gilmer County are a major source of economic activity. As of 2021, there is a total of $816.9M in outstanding loans across the county, with 4.3K individual loans. This represents a significant percentage of the total home value in the county, and shows that mortgages are a major source of economic activity in the area.
The median mortgage rate in Gilmer County varies across cities, with Talking Rock having the highest rate at 3.95%, and Blue Ridge having the lowest rate at 3.6%. This variation in rates across cities shows that there is a wide range of options available to potential homebuyers in the county, and that they should shop around to find the best deal.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Gilmer County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Blue Ridge | $72,035 | $104,797 | $175,615 | $286,550 | $372,292 |
Cherry Log | $66,306 | $108,354 | $184,122 | $283,931 | $386,192 |
Ellijay | $57,173 | $96,784 | $156,764 | $241,286 | $346,526 |
Talking Rock | $45,355 | $96,340 | $167,089 | $241,916 | $315,501 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Gilmer County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Blue Ridge | 2.80% | 3.00% | 3.60% | 4.30% | 5.01% |
Cherry Log | 2.89% | 3.05% | 3.72% | 4.39% | 5.31% |
Ellijay | 2.90% | 3.30% | 3.89% | 4.50% | 5.84% |
Talking Rock | 2.91% | 3.57% | 3.95% | 4.60% | 6.01% |
Housing Expenses in Gilmer County, Georgia
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