Warm Springs, Georgia Property Taxes
The median property tax rate in Warm Springs, GA is 1.38%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Warm Springs at $95,165, the typical annual property tax bill reaches $1,427, falling below the national median of $2,690. Property taxes in Warm Springs 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 Warm Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Warm Springs 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
Warm Springs, 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 Warm Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warm Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warm Springs 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 Meriwether County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Warm Springs, Georgia
Property taxes in Warm Springs, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warm Springs is 1.38%, significantly higher than the U.S. national median of 0.99%. Local government entities within Warm Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warm Springs 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 Warm Springs' effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31830 has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Warm Springs provides valuable insights into the varying tax landscape across Meriwether County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Warm Springs Tax Rate
1.38%
Average Meriwether County Tax Rate
1.38%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warm Springs, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31830 | 1.38% | 1.38% | 1.38% | 1.38% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across Warm Springs, Georgia
In Warm Springs, 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 Meriwether 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 Warm Springs, 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 Warm Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 31830 in Warm Springs has the highest median tax bill at $1,427, which is significantly above the national median property tax rate of 0.99%.
Average Warm Springs Assessed Value
$95,165
Average Meriwether County Assessed Value
$91,140
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Warm Springs, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31830 | $25,820 | $47,628 | $95,165 | $158,388 | $249,850 |
Source: Ownwell
Property Tax Bills Across Warm Springs, Georgia
In Warm Springs, GA, located in Meriwether County, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the property's market value. Homeowners in this area see a range of property tax bills, influenced by several key factors such as the home's assessed value, the local tax rate, and any applicable exemptions. The median home price in Warm Springs is $95,165, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is around $715, while the 75th percentile tax bill reaches $2,314. At the higher end, the 90th percentile tax bill can be as much as $3,466. These figures highlight the variability in tax burdens, which can impact homeowners' financial planning and stability. Compared to the national median property tax rate of 0.99%, homeowners in Warm Springs experience a diverse range of tax obligations. Understanding these factors can help residents better anticipate their annual property tax expenses and manage their household budgets more effectively.
Average Warm Springs Tax Bill
$1,427
Average Meriwether County Tax Bill
$1,393
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Warm Springs, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31830 | $368 | $715 | $1,427 | $2,314 | $3,466 |
Source: Ownwell