Talmo, Georgia Property Taxes
The median property tax rate in Talmo, GA is 1.09%, slightly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Talmo at $150,000, the typical annual property tax bill reaches $1,597, which is below the national median of $2,690. Property taxes in Talmo are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Talmo's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Talmo or another part of Hall County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Talmo, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,635
$1,588
Ownwell’s Talmo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Talmo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Talmo 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 Talmo, Georgia
Property taxes in Talmo, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Talmo is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Talmo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Talmo 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 Talmo's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30575 zip code has the highest median property tax rate of 1.09%, while the 30575 zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Talmo provides valuable insights into the varying tax landscape across Hall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Talmo Tax Rate
1.09%
Average Hall County Tax Rate
1.09%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Talmo, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30575 | 1.03% | 1.09% | 1.09% | 1.09% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Talmo, Georgia
In Talmo, 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 Hall 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 Talmo, 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 Talmo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Talmo is 30575, with a tax bill of $1,597.
Average Talmo Assessed Value
$150,000
Average Hall County Assessed Value
$259,200
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Talmo, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30575 | $21,800 | $38,660 | $150,000 | $267,700 | $420,336 |
Source: Ownwell
Property Tax Bills Across Talmo, Georgia
In Talmo, located in Hall County, GA, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The assessed value is typically a percentage of the market value, which is then multiplied by the tax rate set by local authorities. For example, with a median home price of $150,000, the tax bill can vary significantly. Homeowners in the 25th percentile might see tax bills around $419, while those in the 75th percentile could pay approximately $2,852. At the 90th percentile, tax bills can reach up to $4,571. These variations are influenced by factors such as property location, home size, and applicable exemptions. Compared to the national median property tax rate of 0.99%, Talmo's tax rates can result in higher or lower bills depending on these factors. Understanding how these elements come together helps homeowners anticipate their financial obligations and plan accordingly.
Average Talmo Tax Bill
$1,597
Average Hall County Tax Bill
$2,651
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Talmo, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30575 | $224 | $419 | $1,597 | $2,852 | $4,571 |
Source: Ownwell