Talbotton, Georgia Property Taxes
The median property tax rate in Talbotton, GA is 1.23%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Talbotton, the typical annual property tax bill reaches $688, which is significantly lower than the national median of $2,690. Property taxes in Talbotton 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 Talbotton'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 Talbotton 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
Talbotton, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$605
$587
Ownwell’s Talbotton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Talbotton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Talbotton 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 Talbotton, Georgia
Property taxes in Talbotton, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Talbotton is 1.23%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Talbotton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Talbotton 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 Talbotton's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31827 zip code has both the highest and lowest median property tax rate of 1.23%. Understanding how these cities compare with Talbotton provides valuable insights into the varying tax landscape across Talbot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Talbotton Tax Rate
1.23%
Average Talbot County Tax Rate
1.23%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Talbotton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31827 | 1.23% | 1.23% | 1.23% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Talbotton, Georgia
In Talbotton, 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 Talbot 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 Talbotton, 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 median home price in Talbotton is $49,149, with tax bills varying significantly. For instance, the 25th percentile tax bill is $335, while the 75th percentile tax bill is $1,619, and the 90th percentile tax bill reaches $2,932. 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 Talbotton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Talbotton Assessed Value
$49,149
Average Talbot County Assessed Value
$71,281
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Talbotton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31827 | $11,921 | $24,233 | $49,149 | $118,061 | $230,922 |
Source: Ownwell
Property Tax Bills Across Talbotton, Georgia
In Talbotton, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Talbotton is $49,149. Homeowners in this area can expect their tax bills to vary significantly, with the 25th percentile at $335 and the 75th percentile reaching $1,619. At the higher end, the 90th percentile tax bill can be as much as $2,932. These tax bills are influenced by various factors, including the assessed value of the property, local tax rates, and any applicable exemptions. The highest and lowest median tax bills in Talbotton both stand at $688, indicating a relatively stable range within the area. Compared to the national median property tax rate of 0.99%, Talbotton's property taxes can represent a considerable financial aspect for homeowners. Understanding these factors can help homeowners better manage their financial planning and anticipate their annual property tax obligations.
Average Talbotton Tax Bill
$688
Average Talbot County Tax Bill
$942
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Talbotton, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31827 | $155 | $335 | $688 | $1,619 | $2,932 |
Source: Ownwell