Average Tax Assessment in Richmond County
Real Estate Values and Property Tax Valuation in Richmond County, Georgia
Richmond County has 62,100 properties with a cumulative value of $7.4B, representing 0.92% of all real estate value in Georgia. Property taxes in Richmond County totaled $90.9M, with an average homeowner paying $1,465 in property taxes, which is lower than the state average of $2,360. The average property tax rate in Richmond County is 1.23%, higher 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 | |
|---|---|
| Richmond Clerk of Court | (706) 821-2460 |
| Richmond Department of Finance | (718) 815-8511 |
| Richmond Commissioner of Revenue | (804) 333-3722 |
| Richmond Assessor | (401) 539-2130 |
| 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 Richmond County
Residential Property Taxes by Cities in Richmond County
Richmond County has an average property tax rate of 1.23%, which is slightly lower than the state average of 1.27%. This rate is applied to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly across the cities in Richmond County. For example, Augusta has the highest effective property tax rate at 1.25%, while Blythe has the lowest at 0.89%. This means that property owners in Augusta will pay more in taxes than those in Blythe.
Overall, Richmond County has a relatively low property tax rate compared to other counties in Georgia. This makes it an attractive option for those looking to purchase property in the area. However, it is important to consider the effective property tax rate of the city in which the property is located, as this can have a significant impact on the amount of taxes paid.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Richmond 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.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Richmond County.
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.
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Real Estate Values in Richmond County
The median home price in Richmond County, Georgia decreased by 20.04% from October 2022 to October 2023, from $250.0K to $199.9K. This decrease in home prices was accompanied by a 5.1% increase in home inventory, from 516 homes in October 2022 to 541 homes in October 2023. This suggests that the decrease in home prices is likely due to an increase in the supply of homes in the area.
Average Home Value in Richmond County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Richmond County
Last updated: November 2023
Percent Change in New Home Listings in Richmond County
Last updated: November 2023
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Mortgage Rates in Richmond County
Richmond County is home to a large number of outstanding home mortgage loans, totaling $2.7 billion. This represents a significant portion of the total home value in the county, and demonstrates the importance of mortgages in the local economy. The number of outstanding loans in Richmond County is 23.2K, indicating that many people are taking advantage of the opportunity to purchase a home.
The median mortgage rate in Richmond County varies across cities, with Hephzibah having the highest rate at 4.75% and Augusta having the lowest rate at 4.42%. This variation in rates means that potential homebuyers should shop around to find the best deal for their needs. Overall, Richmond County offers a wide range of mortgage options, making it a great place to purchase a home.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Richmond County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Richmond County.
Housing Expenses in Richmond County, Georgia
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