Average Tax Assessment in Henry County
Real Estate Values and Property Tax Valuation in Henry County, Georgia
Henry County has 79,432 properties with a cumulative value of $21.5B, making up 2.69% of all real estate value in Georgia. Property taxes in Henry County totaled $200.0M, with the average homeowner paying $2,537 in property taxes, which is higher than the state average of $2,360. The average property tax rate in Henry County is 0.93%, lower 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 | |
|---|---|
| Henry Assessor | (765) 529-2104 |
| Henry Commissioner of Revenue/Assessor | (276) 634-4610 |
| Henry Judge of Probate | (334) 585-3257 |
| Henry Recorder | (660) 885-7209 |
| 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 Henry County
Residential Property Taxes by Cities in Henry County
Henry County has an average property tax rate of 0.93%, which is slightly lower than the national average of 1.07%. This rate is applied to the assessed value of a property to calculate the amount of taxes owed. The average property tax bill in Henry County is $2,537.
Property tax rates vary across the cities in Henry County. Mcdonough has the highest effective property tax rate at 0.94%, while Ellenwood has the lowest effective property tax rate at 0.9%. Property taxes are an important source of revenue for local governments, and the differences in rates across cities can have a significant impact on the amount of taxes paid by residents.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Henry 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 |
|---|---|---|---|---|---|
| Ellenwood | $142,100 | $171,600 | $218,100 | $270,600 | $358,880 |
| Hampton | $147,700 | $193,900 | $250,400 | $308,800 | $424,650 |
| Jackson | $166,200 | $187,900 | $212,400 | $295,000 | $349,600 |
| Jonesboro | $188,360 | $241,500 | $285,100 | $350,000 | $511,820 |
| Locust Grove | $171,600 | $210,400 | $253,545 | $317,400 | $404,500 |
| Mcdonough | $175,870 | $220,600 | $272,800 | $339,600 | $427,400 |
| Rex | $146,950 | $168,325 | $193,000 | $226,250 | $265,100 |
| Stockbridge | $145,170 | $182,700 | $223,600 | $277,425 | $342,700 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Henry County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ellenwood | $473 | $1,044 | $2,044 | $2,759 | $3,772 |
| Hampton | $474 | $1,275 | $2,449 | $3,222 | $4,556 |
| Jackson | $552 | $1,561 | $2,275 | $2,902 | $3,951 |
| Jonesboro | $548 | $1,326 | $2,741 | $3,822 | $5,794 |
| Locust Grove | $512 | $1,527 | $2,483 | $3,311 | $4,478 |
| Mcdonough | $622 | $1,592 | $2,708 | $3,655 | $4,762 |
| Rex | $382 | $1,131 | $1,990 | $2,474 | $3,080 |
| Stockbridge | $476 | $1,160 | $2,205 | $2,974 | $3,825 |
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 |
|---|---|---|---|---|---|
| Ellenwood | 0.33% | 0.61% | 0.94% | 1.02% | 1.05% |
| Hampton | 0.32% | 0.66% | 0.98% | 1.04% | 1.07% |
| Jackson | 0.33% | 0.83% | 1.07% | 0.98% | 1.13% |
| Jonesboro | 0.29% | 0.55% | 0.96% | 1.09% | 1.13% |
| Locust Grove | 0.30% | 0.73% | 0.98% | 1.04% | 1.11% |
| Mcdonough | 0.35% | 0.72% | 0.99% | 1.08% | 1.11% |
| Rex | 0.26% | 0.67% | 1.03% | 1.09% | 1.16% |
| Stockbridge | 0.33% | 0.63% | 0.99% | 1.07% | 1.12% |
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Real Estate Values in Henry County
The data from Redfin shows that the median home price in Henry County, Georgia has increased by 19.43% from October 2022 to October 2023. This indicates that the housing market in Henry County is experiencing strong growth. Additionally, the home inventory in Henry County has decreased from 1.2K in October 2022 to 1.0K in October 2023, suggesting that the demand for housing in the area is outpacing the supply. This could be driving up prices as buyers compete for limited housing stock.
Average Home Value in Henry County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Henry County
Last updated: November 2023
Percent Change in New Home Listings in Henry County
Last updated: November 2023
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Mortgage Rates in Henry County
Mortgages in Henry County are a major source of financing for homeowners. According to recent data, there is an estimated $11.5 billion in outstanding loan amounts across home mortgages in the county. This represents 48.2 thousand outstanding loans, which is a significant portion of the total home value in the county.
The median mortgage rate in Henry County varies across cities. The city of Ellenwood has the highest median mortgage rate at 5.66%, while the city of Rex has the lowest median mortgage rate at 5.66%. This variation in rates across cities means that homeowners in Henry County have a range of options when it comes to financing their homes.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Henry County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ellenwood | $43,945 | $67,327 | $97,428 | $172,814 | $292,282 |
| Hampton | $57,065 | $87,523 | $140,265 | $218,596 | $319,105 |
| Jackson | $47,912 | $67,105 | $117,604 | $182,487 | $256,155 |
| Jonesboro | $37,656 | $77,386 | $136,042 | $219,772 | $299,868 |
| Locust Grove | $56,968 | $89,299 | $156,091 | $231,925 | $304,829 |
| Mcdonough | $59,392 | $91,756 | $151,837 | $228,999 | $311,022 |
| Rex | $42,216 | $55,154 | $90,685 | $147,435 | $189,549 |
| Stockbridge | $45,166 | $71,691 | $109,724 | $171,333 | $243,486 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Henry County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ellenwood | 3.00% | 3.92% | 5.66% | 6.87% | 7.75% |
| Hampton | 3.00% | 3.75% | 4.42% | 5.97% | 6.89% |
| Jackson | 2.90% | 3.50% | 4.30% | 6.03% | 6.99% |
| Jonesboro | 3.09% | 3.91% | 4.88% | 6.72% | 7.66% |
| Locust Grove | 2.90% | 3.50% | 4.30% | 5.75% | 6.85% |
| Mcdonough | 2.90% | 3.62% | 4.40% | 5.99% | 7.00% |
| Rex | 3.30% | 4.03% | 5.66% | 7.02% | 8.00% |
| Stockbridge | 3.09% | 3.87% | 4.87% | 6.36% | 7.42% |
Housing Expenses in Henry County, Georgia
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