Ty Ty, Georgia Property Taxes
The median property tax rate in Ty Ty, GA is 0.97%, slightly below the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $118,366, the typical annual property tax bill in Ty Ty is approximately $1,295, which is less than the national median of $2,690. Property taxes in Ty Ty are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Ty Ty'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 Ty Ty or another part of Worth County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ty Ty, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,148
$1,115
Ownwell’s TY TY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in TY TY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in TY TY 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 Ty Ty, Georgia
Property taxes in Ty Ty, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ty Ty is 0.97%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Ty Ty set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ty Ty 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 Ty Ty's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31795 zip code has both the highest and the lowest median property tax rate of 0.97%. Understanding how these areas compare with Ty Ty provides valuable insights into the varying tax landscape across Worth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ty Ty Tax Rate
0.97%
Average Worth County Tax Rate
1.14%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ty Ty, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31795 | 0.50% | 0.64% | 0.97% | 1.33% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Ty Ty, Georgia
In TY TY, 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 Worth 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 TY TY, 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 TY TY helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Worth County, the median home price is $118,366. The median tax bill is highest in zip code 31795, amounting to $1,295. The 25th percentile tax bill is $707, the 75th percentile is $1,922, and the 90th percentile reaches $3,298.
Average Ty Ty Assessed Value
$118,366
Average Worth County Assessed Value
$79,652
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ty Ty, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31795 | $40,890 | $66,998 | $118,366 | $202,018 | $388,428 |
Source: Ownwell
Property Tax Bills Across Ty Ty, Georgia
In Ty Ty, located in Worth County, GA, property tax bills are calculated based on the assessed value of your home, which is typically a percentage of the market value. The median home price in Ty Ty is $118,366. Property taxes are then determined by applying the local tax rate to this assessed value. The national median property tax rate is 0.99%, but local rates can vary. Factors such as property improvements, neighborhood changes, and local government budgets can influence your assessed value and, consequently, your tax bill. Homeowners in Ty Ty can expect their tax bills to vary significantly: the 25th percentile tax bill is $707, while the 75th percentile is $1,922, and the 90th percentile reaches $3,298. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding how your property tax bill is calculated can help you anticipate annual costs and plan your finances accordingly.
Average Ty Ty Tax Bill
$1,295
Average Worth County Tax Bill
$864
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Ty Ty, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31795 | $264 | $707 | $1,295 | $1,922 | $3,298 |
Source: Ownwell