Twin City, Georgia Property Taxes
The median property tax rate in Twin City, GA is 0.95%, slightly below the national median of 0.99% and significantly lower than Georgia's state median of 1.08%. With a median home value of $102,750 in Twin City, the typical annual property tax bill is approximately $934, which is notably less than the national median of $2,690. Property taxes in Twin City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. By understanding Twin City's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Twin City or another part of the city, gaining insight into the local property tax system is essential for maximizing financial benefits.
Last Updated June 14, 2024
Twin City, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$976
$948
Ownwell’s Twin City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Twin City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Twin City to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Twin City, Georgia
Property taxes in Twin City, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Twin City is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Twin City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Twin City estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Twin City's effective property tax rate to other areas in Bulloch County and the national median. For comparison, the zip code 30471 has the same median property tax rate of 0.95%. Understanding how these areas compare with Twin City provides valuable insights into the varying tax landscape across Bulloch County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Twin City Tax Rate
0.95%
Average Bulloch County Tax Rate
0.97%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Twin City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30471 | 0.57% | 0.81% | 0.95% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Twin City, Georgia
In Twin City, Georgia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Bulloch County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Twin City, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Twin City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 30471, with a median tax bill of $934.00, while the same zip code also has the lowest median tax bill at $934.00.
Average Twin City Assessed Value
$102,750
Average Bulloch County Assessed Value
$190,800
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Twin City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30471 | $25,560 | $52,500 | $102,750 | $220,145 | $324,970 |
Source: Ownwell
Property Tax Bills Across Twin City, Georgia
In Twin City, Bulloch County, GA, property tax bills are calculated based on the assessed value of your home, which is typically a percentage of its market value. The local tax rate, known as the millage rate, is then applied to this assessed value to determine the tax bill. For instance, with a median home price of $102,750, homeowners can expect varying tax bills depending on specific factors such as property characteristics and applicable exemptions. The tax bill can range significantly, with the 25th percentile at $486 and the 75th percentile reaching $1,817. In some cases, it can go as high as $2,667, which is the 90th percentile. These values indicate a broad spectrum of tax obligations, reflecting differences in property values and local tax policies. When compared to the national median property tax rate of 0.99%, Twin City's rates can either be more favorable or burdensome, affecting homeowners' annual financial planning and overall cost of living.
Average Twin City Tax Bill
$934
Average Bulloch County Tax Bill
$1,868
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Twin City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30471 | $250 | $486 | $934 | $1,817 | $2,667 |
Source: Ownwell