Glenwood, Georgia Property Taxes
The median property tax rate in Glenwood, GA is 1.22%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Glenwood, the typical annual property tax bill reaches $543, which is significantly lower than the national median of $2,690. Property taxes in Glenwood 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 Glenwood'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 Glenwood 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
Glenwood, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$588
$572
Ownwell’s Glenwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenwood 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 Glenwood, Georgia
Property taxes in Glenwood, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glenwood is 1.22%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Glenwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenwood 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 Glenwood's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30428 zip code has the highest median property tax rate of 1.22%, while the 30428 zip code has the lowest median tax rate of 1.22%. Understanding how these cities compare with Glenwood provides valuable insights into the varying tax landscape across Wheeler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glenwood Tax Rate
1.22%
Average Wheeler County Tax Rate
1.21%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenwood, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30428 | 0.69% | 0.95% | 1.22% | 1.27% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Glenwood, Georgia
In Glenwood, 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 Wheeler 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 Glenwood, 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 Glenwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Glenwood is $48,230, with tax bills ranging from $299 at the 25th percentile to $1,859 at the 90th percentile. The zip code 30428 has both the highest and lowest median tax bill at $543.
Average Glenwood Assessed Value
$48,230
Average Wheeler County Assessed Value
$50,100
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glenwood, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30428 | $13,976 | $27,885 | $48,230 | $97,200 | $188,308 |
Source: Ownwell
Property Tax Bills Across Glenwood, Georgia
In Glenwood, located in Wheeler County, GA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the property's market value. For example, with a median home price of $48,230, the assessed value would be determined by applying the county's assessment ratio. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the property tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Glenwood may see varying tax bills, with the 25th percentile around $299 and the 75th percentile reaching up to $1,097. The 90th percentile can go as high as $1,859, indicating a significant range based on property characteristics and exemptions. Understanding these factors is crucial for homeowners, as property taxes directly impact annual expenses. Comparing Glenwood’s tax rates to the national median property tax rate of 0.99% also highlights the relative affordability of property taxes in this region.
Average Glenwood Tax Bill
$543
Average Wheeler County Tax Bill
$553
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenwood, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30428 | $126 | $299 | $543 | $1,097 | $1,859 |
Source: Ownwell