Average Tax Assessment in Spalding County
Real Estate Values and Property Tax Valuation in Spalding County, Georgia
Spalding County has 27,799 properties with a cumulative value of $3.1B, representing 0.39% of all real estate value in Georgia. Property taxes in Spalding County totaled $41.3M, with an average homeowner paying $1,488 in property taxes compared to the state average of $2,360. The average property tax rate in Spalding County is 1.32%, higher than the state average of 1.00%. Properties are 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 | |
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Spalding Assessor | (770) 467-4240 |
Spalding Tax Collector | (770) 467-4360 |
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 Spalding County
Residential Property Taxes by Cities in Spalding County
Spalding County has an average property tax rate of 1.32%, which is slightly higher than the state average of 1.27%. This rate applies to all cities in the county, with the exception of Griffin, which has the highest effective property tax rate of 1.32%. On the other hand, Brooks has the lowest effective property tax rate of 1.27%. This means that the average Spalding County property tax bill is $1,488.
Property taxes in Spalding County are slightly higher than the state average, but the difference is not significant. The rates vary across the cities, with Griffin having the highest effective property tax rate and Brooks having the lowest. This means that property owners in Spalding County can expect to pay an average of $1,488 in property taxes each year.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Spalding 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 |
---|---|---|---|---|---|
Brooks | $18,088 | $57,712 | $135,229 | $247,539 | $373,400 |
Griffin | $12,500 | $32,246 | $82,418 | $154,476 | $236,633 |
Hampton | $19,050 | $44,697 | $84,448 | $126,758 | $203,674 |
Locust Grove | $56,410 | $144,092 | $202,388 | $237,646 | $338,302 |
Williamson | $34,238 | $83,649 | $130,598 | $188,830 | $252,613 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Spalding County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Brooks | $193 | $626 | $1,644 | $3,180 | $4,801 |
Griffin | $145 | $399 | $1,041 | $2,092 | $3,187 |
Hampton | $183 | $496 | $1,088 | $1,626 | $2,824 |
Locust Grove | $595 | $1,427 | $2,621 | $3,245 | $4,394 |
Williamson | $417 | $983 | $1,754 | $2,510 | $3,383 |
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 |
---|---|---|---|---|---|
Brooks | 1.07% | 1.08% | 1.22% | 1.28% | 1.29% |
Griffin | 1.16% | 1.24% | 1.26% | 1.35% | 1.35% |
Hampton | 0.96% | 1.11% | 1.29% | 1.28% | 1.39% |
Locust Grove | 1.05% | 0.99% | 1.30% | 1.37% | 1.30% |
Williamson | 1.22% | 1.18% | 1.34% | 1.33% | 1.34% |
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Real Estate Values in Spalding County
The data from Redfin shows that the median home price in Spalding County, Georgia has decreased by 29.63% from October 2022 to October 2023. This indicates that the housing market in Spalding County is experiencing a downward trend in home prices. Additionally, the home inventory in Spalding County has increased slightly from 275 in October 2022 to 281 in October 2023. This suggests that there is an increase in the supply of homes in the area, which could be contributing to the decrease in home prices.
Average Home Value in Spalding County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Spalding County
Last updated: November 2023
Percent Change in New Home Listings in Spalding County
Last updated: November 2023
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Mortgage Rates in Spalding County
Mortgages in Spalding County are a major part of the local economy, with a total of $3.1 billion in outstanding loans. This represents 9.3 thousand individual loans, which is a significant portion of the total home value in the county. The median mortgage rate in Spalding County varies across cities, with Williamson having the highest rate at 4.64%, and Brooks having the lowest rate at 3.99%. This variation in rates can make a significant difference in the amount of money a homeowner pays over the life of their loan. Overall, mortgages in Spalding County are an important part of the local economy, and the variation in rates across cities can help homeowners make the best decision for their financial situation.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Spalding County by city.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Brooks | $30,214 | $77,088 | $145,362 | $259,188 | $367,144 |
Griffin | $28,715 | $54,373 | $98,964 | $164,184 | $235,056 |
Hampton | $26,052 | $56,580 | $88,014 | $137,614 | $239,443 |
Locust Grove | $73,659 | $109,240 | $168,295 | $216,450 | $316,464 |
Williamson | $34,466 | $55,553 | $93,311 | $159,807 | $219,734 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Spalding County.
City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
Brooks | 2.90% | 3.46% | 3.99% | 5.38% | 6.76% |
Griffin | 2.90% | 3.60% | 4.40% | 6.08% | 7.11% |
Hampton | 2.90% | 3.52% | 4.16% | 5.62% | 6.87% |
Locust Grove | 2.94% | 3.60% | 4.18% | 5.66% | 6.46% |
Williamson | 2.90% | 3.62% | 4.64% | 6.33% | 7.47% |
Housing Expenses in Spalding County, Georgia
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