Hiawassee, Georgia Property Taxes
The median property tax rate in Hiawassee, GA is 0.47%, which is considerably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Hiawassee at $260,380, the typical annual property tax bill reaches $1,031, significantly below the national median of $2,690. Property taxes in Hiawassee 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 Hiawassee'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 Hiawassee 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
Hiawassee, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$1,224
$1,189
Ownwell’s Hiawassee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hiawassee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hiawassee 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 Hiawassee, Georgia
Property taxes in Hiawassee, Georgia, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hiawassee is 0.47%, which is significantly lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Hiawassee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hiawassee 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 Hiawassee's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30546 zip code has both the highest and lowest median property tax rate of 0.47%. Understanding how these cities compare with Hiawassee provides valuable insights into the varying tax landscape across Towns County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hiawassee Tax Rate
0.47%
Average Towns County Tax Rate
0.47%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hiawassee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30546 | 0.26% | 0.33% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Hiawassee, Georgia
In Hiawassee, 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 Towns 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 Hiawassee, 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 Hiawassee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 30546 has the highest and lowest median tax bill of $1031.
Average Hiawassee Assessed Value
$260,380
Average Towns County Assessed Value
$254,647
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hiawassee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30546 | $80,228 | $152,358 | $260,380 | $407,480 | $620,025 |
Source: Ownwell
Property Tax Bills Across Hiawassee, Georgia
In Hiawassee, located in Towns County, GA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Hiawassee is $260,380. Property tax rates in this area are determined by local government authorities and can vary within the county. Homeowners in Hiawassee face property tax bills that range significantly. For instance, the tax bill at the 25th percentile is $567, while at the 75th percentile, it rises to $1706. At the 90th percentile, homeowners may see tax bills as high as $2644. The highest median tax bill in the area is $1031, which is relatively low compared to the national median property tax rate of 0.99%. These tax bills impact homeowners by influencing their annual housing costs and potentially affecting their financial planning. Understanding these factors helps property owners anticipate their expenses and manage their budgets more effectively.
Average Hiawassee Tax Bill
$1,031
Average Towns County Tax Bill
$1,002
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Hiawassee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30546 | $267 | $567 | $1,031 | $1,706 | $2,644 |
Source: Ownwell