Irwinton, Georgia Property Taxes
The median property tax rate in Irwinton, GA is 1.29%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Irwinton at $56,538, the typical annual property tax bill reaches $668, which is notably lower than the national median of $2,690. Property taxes here 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 Irwinton'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 Irwinton or another part of Wilkinson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Irwinton, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$729
$708
Ownwell’s Irwinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Irwinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Irwinton 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 Irwinton, Georgia
Property taxes in Irwinton, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Irwinton is 1.29%, significantly higher than the U.S. national median of 0.99%. Local government entities within Irwinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Irwinton 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 Irwinton's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31042 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Irwinton provides valuable insights into the varying tax landscape across Wilkinson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Irwinton Tax Rate
1.29%
Average Wilkinson County Tax Rate
1.36%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Irwinton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31042 | 0.45% | 0.84% | 1.29% | 1.37% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Irwinton, Georgia
In Irwinton, 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 Wilkinson 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 Irwinton, 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 Irwinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 31042 has the highest median tax bill at $668, reflecting the diverse tax landscape within the region.
Average Irwinton Assessed Value
$56,538
Average Wilkinson County Assessed Value
$56,049
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Irwinton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31042 | $17,784 | $29,538 | $56,538 | $105,672 | $167,353 |
Source: Ownwell
Property Tax Bills Across Irwinton, Georgia
In Irwinton, Wilkinson County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. For instance, with a median home price of $56,538, the assessed value would be a fraction of this amount. Property tax rates are then applied to this assessed value to determine the tax bill. Several factors influence the tax bill, including the property's location, the local tax rate, and any applicable exemptions. In Irwinton, the median property tax bill is $668, which is lower than the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay around $279, while those in the 75th percentile face tax bills of approximately $1,251. For those in the 90th percentile, the tax bill can reach up to $1,951. These taxes fund essential public services, impacting the overall quality of life and property values in the community.
Average Irwinton Tax Bill
$668
Average Wilkinson County Tax Bill
$637
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Irwinton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31042 | $128 | $279 | $668 | $1,251 | $1,951 |
Source: Ownwell