Pine Mountain, Georgia Property Taxes
The median property tax rate in Pine Mountain, GA is 1.08%, aligning with the Georgia state median but notably higher than the national median of 0.99%. With a median home value of $154,100 in Pine Mountain, the typical annual property tax bill amounts to $1,535, which is below the national median of $2,690. Property taxes in Pine Mountain are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Pine Mountain'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 Pine Mountain 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
Pine Mountain, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,664
$1,616
Ownwell’s Pine Mountain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Mountain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Mountain 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 Pine Mountain, Georgia
Property taxes in Pine Mountain, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Mountain is 1.08%, significantly higher than both the Georgia state median of 0.83% and the U.S. national median of 0.99%. Local government entities within Pine Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Mountain 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 Pine Mountain's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31822 zip code has the highest median property tax rate of 1.08%, while the 31822 zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Pine Mountain provides valuable insights into the varying tax landscape across Troup County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pine Mountain Tax Rate
1.08%
Average Troup County Tax Rate
1.12%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Mountain, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31822 | 0.55% | 0.90% | 1.08% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Pine Mountain, Georgia
In Pine Mountain, 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 Troup 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. 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. For example, Pine Mountain's median home price is $154,100, with tax bills ranging from $922 at the 25th percentile to $3,560 at the 90th percentile. The zip code 31822 has the highest and lowest median tax bill, both at $1,535. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pine Mountain Assessed Value
$154,100
Average Troup County Assessed Value
$135,885
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pine Mountain, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31822 | $67,634 | $98,600 | $154,100 | $243,000 | $371,962 |
Source: Ownwell
Property Tax Bills Across Pine Mountain, Georgia
Property tax bills in Pine Mountain, Troup County, GA are calculated based on the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the market value of the home. For instance, if the median home price is $154,100, the assessed value might be a fraction of this amount. The local tax rate is then applied to the assessed value to determine the annual tax bill. In Pine Mountain, the property tax bills can vary significantly. Homeowners in the 25th percentile pay around $922 annually, while those in the 75th percentile face bills of approximately $2,314. At the higher end, the 90th percentile sees tax bills reaching up to $3,560. The median tax bill in the area stands at $1,535, which is relatively high compared to the national median property tax rate of 0.99%. These tax obligations can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Pine Mountain Tax Bill
$1,535
Average Troup County Tax Bill
$1,420
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Mountain, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31822 | $572 | $922 | $1,535 | $2,314 | $3,560 |
Source: Ownwell