Cornelia, Georgia Property Taxes
Real Estate Values and Property Tax Valuation in Cornelia, Georgia
The city of Cornelia has 3,869 properties with a cumulative value of $548.2M, making up 19.11% of the total real estate value in Habersham County. Property taxes in Cornelia totaled $5.0M, with an average homeowner paying $1,296 in taxes compared to the county average of $1,482. The average property tax rate in Cornelia is 0.91%, slightly higher than the county average of 0.87%. 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 August 23, 2023
Important Links | |
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Habersham Clerk of Court | (706) 754-2923 |
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 Cornelia, Georgia
Residential Property Tax by ZIP code in Cornelia, Georgia
Cornelia has an average property tax rate of 0.91%, which is slightly higher than the average Habersham County property tax rate of 0.87%. Property tax rates in Cornelia vary across ZIP codes, with the highest effective property tax rate being 0.91% in the 30531 ZIP code. This is likely due to differences in home values across ZIP codes. The lowest effective property tax rate in Cornelia is not specified, but it is likely lower than the average property tax rate of 0.91%.
Overall, Cornelia has a slightly higher property tax rate than the rest of Habersham County, but the rates vary across ZIP codes. This is likely due to differences in home values across ZIP codes, with higher home values resulting in higher effective property tax rates. Property taxes collected in Cornelia in 2023 are estimated to be $1,296.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each ZIP code in Cornelia, Georgia. 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.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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30531 | $7,628 | $52,790 | $121,750 | $191,160 | $290,174 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each ZIP code in Cornelia, Georgia.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
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30531 | $77 | $375 | $1,037 | $1,846 | $2,809 |
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.
ZIP Code | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
30531 | 1.01% | 0.71% | 0.85% | 0.97% | 0.97% |
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Real Estate Values in Cornelia, Georgia
Average Home Value in Cornelia, Georgia
Last updated: August 2023
Average home value over time in Cornelia, Georgia
Last updated: August 2023
Total unique home listings in Cornelia, Georgia
Last updated: August 2023
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Housing Expenses in Cornelia, Georgia
Housing expenses are a major part of the average household budget in the state. In fact, housing expenses account for nearly one-third of total expenses for the average household. As inflation continues, housing expenses continue to rise, eating up an ever-increasing portion of the household budget. Property taxes are the second largest component of housing expenses for the average property owner in the state, making up a significant portion of the total housing expenses. As housing expenses continue to rise, it is important for households to budget carefully and plan for the future to ensure they can afford their housing expenses.
Monthly Consumer Expenses for South region
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