PROPERTY VALUATION AND TAX ASSESSMENT: COLLEGE HILL CORRIDOR
Table 4 shows both total tax assessment and average (per property) tax assessment for 2002 and 2011, again by 2002 property assessment level. In keeping with the results reported thus far, the lower the 2002 assessment level, the greater was the percentage increase in taxes assessed in 2011, compared to 2002. All told, tax assessment for properties contained in the data set being analyzed increased 57% from 2002 to 2011. For those properties valued between $80,000 and $120,000, the average tax bill increased 64%, from $1,307 to $2,142. Similarly, the average tax bill for owners of properties valued between $120,000 and $160,000 in 2002 increased 52%, from $1,724 to $2,622. The average tax bill for owners of properties valued under $40,000 and for owners of properties valued between $40,000 and $80,000 increased by 228% and 131%, respectively (Table 4, Panel B). It is no great surprise that as property valuations increased from 2002 to 2011, tax bills for property owners likewise rose.
TABLE 4 PANEL A TOTAL TAXES
PANEL B AVERAGE (per property) TAXES
(by 2002 PROPERTY ASSESSMENT LEVEL)
ASSESSMENT LEVELS NUMBER OF (in 2002) PROPERTIES UP TO $40,000 793 $40,000 - $80,000 292 $80,000 - $120,000 183 $120,000 - $160,000 111 $160,000 - $200,000 62 OVER $200,000 113 TOTAL 1554
2002 $ 153,515 $ 199,290 $ 239,189 $ 191,321 $ 131,725 $ 752,889 $ 1,667,928
2011 $ 502,929 $ 460,772 $ 391,925 $ 290,987 $ 183,541 $ 788,985 $ 2,619,139
$ $ $ $ $ $ $
2002 194 683 1,307 1,724 2,125 6,663 1,073
$ $ $ $ $ $ $
2011 % CHANGE 634 228% 1,578 131% 2,142 64% 2,622 52% 2,960 39% 6,982 5% 1,685 57%
PROPERTY VALUATION AND TAX ASSESSMENT: COLLEGE HILL CORRIDOR AND BIBB COUNTY
Table 5 below incorporates several data items from the tables above, and examines total tax assessments for Bibb County and the College Hill Corridor. A comparison of College Hill property assessment values and tax data from 2002 and 2011 to similar measures for Bibb County and the city of Macon shows significant differences between the two entities. Table 5 provides property assessment values for all of Bibb County and for the College Hill Corridor in the years 2002 and 2011. In addition, the table includes tax assessments for Bibb and College Hill categorized by use: county taxes, school taxes, and city taxes.
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