Willacoochee, Georgia Property Taxes
The median property tax rate in Willacoochee, GA is 1.81%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Willacoochee at $37,145, the typical annual property tax bill reaches $599, which is significantly lower than the national median of $2,690. Property taxes in Willacoochee 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 Willacoochee'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 Willacoochee 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
Willacoochee, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$672
$653
Ownwell’s Willacoochee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willacoochee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willacoochee 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 Willacoochee, Georgia
Property taxes in Willacoochee, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willacoochee is 1.81%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Willacoochee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willacoochee 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 Willacoochee's effective property tax rate to other areas in Georgia and the national median. For comparison, the 31650 zip code has the highest median property tax rate of 1.81%, while the same zip code also has the lowest median tax rate of 1.81%. Understanding how these areas compare with Willacoochee provides valuable insights into the varying tax landscape across Atkinson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Willacoochee Tax Rate
1.81%
Average Atkinson County Tax Rate
1.22%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willacoochee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31650 | 1.22% | 1.22% | 1.81% | 1.81% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Willacoochee, Georgia
In Willacoochee, 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 Atkinson 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 Willacoochee, 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. The highest median tax bill in Willacoochee is $599 in the 31650 zip code, which is also the lowest median 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 Willacoochee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Willacoochee Assessed Value
$37,145
Average Atkinson County Assessed Value
$40,504
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Willacoochee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31650 | $6,762 | $17,261 | $37,145 | $79,556 | $155,368 |
Source: Ownwell
Property Tax Bills Across Willacoochee, Georgia
In Willacoochee, property tax bills are calculated based on the assessed value of a home, which is determined by the Atkinson County tax assessor. This assessed value is then multiplied by the local millage rate to arrive at the annual tax bill. Factors such as the median home price, which stands at $37,145, significantly influence the tax amount. For instance, homeowners in the 25th percentile pay around $291 annually, while those in the 75th percentile see bills closer to $1,208. At the 90th percentile, the tax bill can reach up to $1,983. Comparing this to the national median property tax rate of 0.99%, Willacoochee's rates are relatively modest. The highest median tax bill in the area is $599, found in the 31650 zip code. These property taxes fund essential community services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding these factors can help residents better anticipate their financial responsibilities and plan accordingly.
Average Willacoochee Tax Bill
$599
Average Atkinson County Tax Bill
$591
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Willacoochee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31650 | $115 | $291 | $599 | $1,208 | $1,983 |
Source: Ownwell