Thomaston, Georgia Property Taxes
The median property tax rate in Thomaston, GA is 1.08%, which aligns with the state median but is still higher than the national median of 0.99%. With the median home value in Thomaston at $89,300, the typical annual property tax bill amounts to $933, significantly lower than the national median of $2,690. Property taxes in Thomaston are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Thomaston'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 Thomaston or another part of Upson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Thomaston, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$964
$937
Ownwell’s Thomaston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Thomaston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Thomaston 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 Thomaston, Georgia
Property taxes in Thomaston, Georgia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Thomaston is 1.08%, higher than the U.S. national median of 0.99%. Local government entities within Thomaston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Thomaston 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 Thomaston's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30286 zip code has the highest median property tax rate of 1.08%, while the 30286 zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Thomaston provides valuable insights into the varying tax landscape across Upson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Thomaston Tax Rate
1.08%
Average Upson County Tax Rate
1.06%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thomaston, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30286 | 0.44% | 0.80% | 1.08% | 1.31% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Thomaston, Georgia
In Thomaston, 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 Upson 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 Thomaston, 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 Thomaston is $89,300, with tax bills varying significantly. For example, the 25th percentile tax bill is $502, while the 75th percentile tax bill is $1,569. The highest median tax bill recorded is $933 in the 30286 zip code, which also has the lowest median tax bill at $933. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Average Thomaston Assessed Value
$89,300
Average Upson County Assessed Value
$90,355
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Thomaston, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30286 | $33,077 | $54,754 | $89,300 | $146,090 | $223,674 |
Source: Ownwell
Property Tax Bills Across Thomaston, Georgia
In Thomaston, Upson County, 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 Thomaston is $89,300, and the assessed value is determined by local tax assessors. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Homeowners in Thomaston can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $502, while at the 75th percentile, it rises to $1,569. At the 90th percentile, homeowners might see a tax bill as high as $2,422. Compared to the national median property tax rate of 0.99%, Thomaston's tax rates can represent a considerable financial commitment for homeowners. Understanding these factors is crucial for homeowners, as the property tax bill directly impacts their annual budget and long-term financial planning.
Average Thomaston Tax Bill
$933
Average Upson County Tax Bill
$932
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Thomaston, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30286 | $209 | $502 | $933 | $1,569 | $2,422 |
Source: Ownwell