Average Tax Assessment in Pierce County

Pierce County has 6,468 properties with a cumulative value of $780.0M. This represents 0.10% of all real estate value in Georgia. Property taxes in Pierce County totaled $9.1M, with an average homeowner paying $1,411 in property taxes, which is lower than the state average of $2,360. The average property tax rate in Pierce County is 1.17%, higher 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.

Pierce County has an average property tax rate of 1.17%, which is slightly lower than the national average of 1.19%. This rate is applied to the assessed value of a property to calculate the amount of taxes due. Property taxes in Pierce County are collected by the county government and used to fund public services such as schools, roads, and public safety.

Property tax rates in Pierce County vary across cities, with Blackshear having the highest effective property tax rate of 1.18%, and Patterson having the lowest effective property tax rate of 1.18%. This means that property owners in Blackshear will pay slightly more in taxes than those in Patterson. However, the difference in rates is minimal, and overall, Pierce County has a relatively low property tax rate compared to other counties in the state.

The data from Redfin shows that home prices in Pierce County have increased significantly from October 2022 to October 2023, with a 53.02% increase in median home price. This indicates that the housing market in Pierce County is becoming increasingly competitive, as the number of homes available for sale has decreased from 18 in October 2022 to 43 in October 2023. This suggests that demand for housing in Pierce County is increasing, driving up home prices.

Mortgages in Pierce County are a major factor in the local economy. According to recent statistics, there is a total of $760.4M in outstanding loan amounts across home mortgages in Pierce County, with 1.2K outstanding loans. This amount is equivalent to approximately 8.3% of the total home value in the county. Furthermore, there is a variation in median mortgage rates across the county, with Blackshear having the highest rate at 3.98% and Patterson having the lowest rate at 3.93%. This variation in rates can make a significant difference in the amount of money a homeowner pays over the life of the loan.

Overall, mortgages in Pierce County are an important part of the local economy and can be a great way for homeowners to finance their homes. With the total outstanding loan amount and the variation in rates across the county, homeowners can find the best rate to fit their needs and budget. With careful consideration and research, homeowners can find the best mortgage option for their situation.