Tunnel Hill, Georgia Property Taxes
The median property tax rate in Tunnel Hill, GA is 0.77%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Tunnel Hill at $131,439, the typical annual property tax bill amounts to $961, significantly below the national median of $2,690. Property taxes in Tunnel Hill are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tunnel Hill'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 Tunnel Hill or another part of Whitfield County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tunnel Hill, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Tunnel Hill Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Tunnel Hill. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Tunnel Hill to provide a reliable estimate of your property tax bill. This powerful tool offers a clear understanding of potential tax obligations, aiding in financial planning and decision-making. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Remember, your property’s assessed value is determined by the county for tax calculations and includes any applicable exemptions.
Property Tax Rates Across Tunnel Hill, Georgia
Property taxes in Tunnel Hill, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tunnel Hill is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Tunnel Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tunnel Hill 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 Tunnel Hill's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30755 has both the highest and lowest median property tax rate of 0.77%. Understanding how these areas compare with Tunnel Hill provides valuable insights into the varying tax landscape across Whitfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tunnel Hill Tax Rate
0.77%
Average Whitfield County Tax Rate
0.85%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tunnel Hill, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30755 | 0.17% | 0.50% | 0.77% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Tunnel Hill, Georgia
In Tunnel Hill, 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 Whitfield 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 Tunnel Hill, 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 Tunnel Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $961 in zip code 30755, while the lowest median tax bill is also $961 in the same zip code.
Average Tunnel Hill Assessed Value
$131,439
Average Whitfield County Assessed Value
$133,534
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tunnel Hill, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30755 | $23,276 | $82,497 | $131,439 | $184,997 | $257,040 |
Source: Ownwell
Property Tax Bills Across Tunnel Hill, Georgia
In Tunnel Hill, GA, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate, also known as the millage rate, is then applied to this assessed value to determine the tax bill. For homeowners in Whitfield County, the median home price is $131,439. Factors influencing the tax bill include the property's assessed value, the local millage rate, and any applicable exemptions. For instance, the tax bill at the 25th percentile is $428, while at the 75th percentile, it rises to $1558. At the 90th percentile, homeowners might see tax bills as high as $2330. Comparatively, the median property tax rate in Tunnel Hill is 0.73%, which is lower than the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable, impacting homeowners positively by allowing them to allocate more of their budget to other expenses.
Average Tunnel Hill Tax Bill
$961
Average Whitfield County Tax Bill
$1,112
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Tunnel Hill, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30755 | $199 | $428 | $961 | $1,558 | $2,330 |
Source: Ownwell