Thomson, Georgia Property Taxes
The median property tax rate in Thomson, 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 Thomson at $45,354, the typical annual property tax bill amounts to $494, which is significantly lower than the national median of $2,690. Property taxes in Thomson 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. Understanding Thomson'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 Thomson or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Thomson, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$494
$480
Ownwell’s Thomson Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Thomson with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Thomson to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Thomson, Georgia
Property taxes in Thomson, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Thomson is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Thomson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Thomson 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 Thomson's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30824 has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these areas compare with Thomson provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Thomson Tax Rate
1.09%
Average Warren County Tax Rate
1.20%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thomson, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30824 | 0.84% | 0.95% | 1.09% | 1.23% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Thomson, Georgia
In Thomson, 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 Warren 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. 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 Thomson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Thomson is $45,354, with the highest and lowest median tax bills both being $494 in zip code 30824.
Average Thomson Assessed Value
$45,354
Average Warren County Assessed Value
$44,621
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Thomson, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30824 | $16,694 | $24,992 | $45,354 | $153,481 | $204,685 |
Source: Ownwell
Property Tax Bills Across Thomson, Georgia
In Thomson, located in Warren County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate, or millage rate, is then applied to this assessed value to determine the annual property tax bill. For example, a home with a median value of $45,354 will have its assessed value calculated, and the corresponding tax rate will be applied. Several factors influence the final tax bill, including the home's location within the county, any applicable exemptions, and the specific millage rate set by local authorities. Homeowners in Thomson can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $238, while at the 75th percentile, it rises to $1,680. At the 90th percentile, the bill can reach up to $1,974. These taxes directly impact homeowners by affecting their annual expenses and the overall affordability of their property.
Average Thomson Tax Bill
$494
Average Warren County Tax Bill
$491
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Thomson, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30824 | $150 | $238 | $494 | $1,680 | $1,974 |
Source: Ownwell