Talmo, Georgia Property Taxes
The median property tax rate in Talmo, GA is 1.16%, which is notably higher than both the national median of 0.99% and Georgia's state median of 1.08%. With a median home value of $137,360 in Talmo, the typical annual property tax bill amounts to $2,202, falling below the national median of $2,690. Property taxes in Talmo are calculated based on the tax assessed value, which often is lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Familiarizing yourself with Talmo's property tax system, exploring available exemptions, and finding opportunities for reductions can yield substantial annual savings. Whether you're situated in the heart of Talmo or another part of the city, understanding the local property tax system can provide significant benefits for 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
1.16%
Estimate Property Tax Bill
$1,593
$1,548
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Talmo is 1.16%, higher than both the Georgia state median and 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 zip code 30575 has both the highest and lowest median property tax rate of 1.16%. Understanding how these areas compare with Talmo provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Talmo Tax Rate
1.16%
Average Jackson County Tax Rate
1.25%
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 | 0.65% | 0.91% | 1.16% | 1.50% | 1.98% |
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 Jackson 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 highest and lowest median tax bills in the area are both $2,202, found in the 30575 zip code.
Average Talmo Assessed Value
$137,360
Average Jackson County Assessed Value
$219,900
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 | $2,300 | $18,051 | $137,360 | $246,002 | $351,480 |
Source: Ownwell
Property Tax Bills Across Talmo, Georgia
In Talmo, located in Jackson County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is typically a percentage of the home's market value. Once the assessed value is established, local tax rates, known as millage rates, are applied to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. For example, homeowners in Talmo might see a tax bill ranging from $1,393 at the 25th percentile to as high as $4,518 at the 90th percentile. These figures highlight the variability in tax burdens depending on property valuations and specific circumstances. Compared to the national median property tax rate of 0.99%, Talmo's property tax rates can significantly impact homeowners, making it crucial for them to understand their assessed values and available exemptions to manage their tax liabilities effectively.
Average Talmo Tax Bill
$2,202
Average Jackson County Tax Bill
$2,746
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 | $604 | $1,393 | $2,202 | $3,190 | $4,518 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Tax Bill | |
| Issued | September 1 |
| Due Date #1 | September 15 |
| Due Date #2 | November 15 |
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