Average Tax Assessment in Oconee County
Real Estate Values and Property Tax Valuation in Oconee County, Georgia
Oconee County has 14,787 properties with a total real estate value of $5.3B. This accounts for 0.65% of all real estate value in Georgia. Property taxes in Oconee County totaled $44.2M, with an average of $2,991 paid by homeowners, which is higher than the state average of $2,360. The average property tax rate in Oconee County is 0.84%, 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 | |
|---|---|
| Oconee Assessor | (864) 638-4150 |
| Oconee Assessor | (706) 769-3921 |
| Oconee Register of Deeds | (864) 638-4285 |
| Oconee Tax Commissioner | (706) 769-3917 |
| 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 Oconee County
Residential Property Taxes by Cities in Oconee County
Oconee County has an average property tax rate of 0.84%, which is slightly lower than the average rate for the state of Georgia. This rate is applied to the assessed value of a property to calculate the total amount of taxes due. The average property tax bill in Oconee County is $2,991, which is slightly lower than the state average.
Property tax rates in Oconee County vary across the cities. Athens has the highest effective property tax rate at 0.9%, while Bishop has the lowest effective property tax rate at 0.82%. This means that property owners in Athens will pay more in taxes than those in Bishop. However, the difference in rates is relatively small, so the overall impact on property owners is minimal.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Oconee 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 |
|---|---|---|---|---|---|
| Athens | $146,500 | $275,403 | $390,440 | $550,840 | $745,290 |
| Bishop | $130,210 | $213,486 | $355,068 | $458,128 | $593,140 |
| Bogart | $127,032 | $185,441 | $290,311 | $396,355 | $534,111 |
| Statham | $127,299 | $240,409 | $429,341 | $516,682 | $720,621 |
| Watkinsville | $149,789 | $212,133 | $285,974 | $399,752 | $550,551 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Oconee County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Athens | $1,232 | $2,392 | $3,557 | $4,955 | $6,891 |
| Bishop | $820 | $1,742 | $3,145 | $4,042 | $5,086 |
| Bogart | $843 | $1,660 | $2,595 | $3,538 | $4,647 |
| Statham | $846 | $1,921 | $3,726 | $4,647 | $6,281 |
| Watkinsville | $1,030 | $1,801 | $2,456 | $3,488 | $4,587 |
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 |
|---|---|---|---|---|---|
| Athens | 0.84% | 0.87% | 0.91% | 0.90% | 0.92% |
| Bishop | 0.63% | 0.82% | 0.89% | 0.88% | 0.86% |
| Bogart | 0.66% | 0.90% | 0.89% | 0.89% | 0.87% |
| Statham | 0.66% | 0.80% | 0.87% | 0.90% | 0.87% |
| Watkinsville | 0.69% | 0.85% | 0.86% | 0.87% | 0.83% |
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Real Estate Values in Oconee County
The median home price in Oconee County, Georgia has decreased by 8.95% from October 2022 to October 2023, from $450.0K to $482.5K. This decrease in home prices is accompanied by a decrease in home inventory, from 128 in October 2022 to 122 in October 2023. This suggests that the housing market in Oconee County is becoming more competitive, as fewer homes are available for purchase.
Average Home Value in Oconee County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Oconee County
Last updated: November 2023
Percent Change in New Home Listings in Oconee County
Last updated: November 2023
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Mortgage Rates in Oconee County
Mortgages in Oconee County are a major factor in the local economy. According to recent statistics, there is a total of $1.4 billion in outstanding loans across the county. This represents 5.4 thousand individual loans, which is a significant portion of the total home value in the area. The median mortgage rate in Oconee County varies across cities, with Watkinsville having the highest rate at 3.95%, and Statham having the lowest rate at 3.89%. This small variation in rates can make a big difference in the amount of money a homeowner pays over the life of the loan. With such a large amount of outstanding loans, mortgages in Oconee County are an important part of the local economy and should be taken into consideration when making decisions about buying or refinancing a home.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Oconee County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Athens | $122,580 | $205,855 | $300,764 | $411,197 | $564,645 |
| Bishop | $107,124 | $164,005 | $238,145 | $319,246 | $417,810 |
| Bogart | $101,021 | $149,190 | $217,271 | $296,732 | $382,853 |
| Statham | $138,508 | $220,592 | $305,767 | $384,405 | $466,251 |
| Watkinsville | $94,407 | $142,780 | $209,657 | $304,529 | $401,036 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Oconee County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Athens | 2.90% | 3.44% | 3.94% | 4.60% | 6.04% |
| Bishop | 2.98% | 3.54% | 3.94% | 4.50% | 5.88% |
| Bogart | 2.90% | 3.44% | 3.90% | 4.44% | 5.50% |
| Statham | 2.90% | 3.21% | 3.89% | 4.39% | 4.80% |
| Watkinsville | 2.90% | 3.48% | 3.95% | 4.50% | 6.03% |
Housing Expenses in Oconee County, Georgia
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