Toccoa, Banks County, Georgia Property Taxes
Median Toccoa, GA effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but lower than the Georgia state median of 1.08%.
Median Toccoa, GA home value: $144,521
Median annual Toccoa, GA tax bill: $1,009, $1,391 lower than the national median property tax bill of $2,400.
How are property taxes in Banks County calculated?
Property taxes in Toccoa, GA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Toccoa’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Toccoa, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Toccoa, Banks County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.82%
Estimate Property Tax Bill
$1,185
$1,100
Property Tax Rates Across Toccoa, Banks County, Georgia
Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate the required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.
Toccoa in Banks County, Georgia, has an effective property tax rate of 0.82%. This figure is notably lower than the national median property tax rate of 1.02%. When compared to other cities in Georgia, Toccoa's rate stands out for its affordability. The median property tax bill in Toccoa aligns with the lower end of the spectrum, offering residents a financial advantage. This contrasts with the national median property tax bill of $2,400.
Toccoa's property tax rate reflects the broader trend within Georgia, where property taxes are generally lower than the national average. This makes Toccoa an appealing location for homeowners seeking lower property tax obligations. By understanding these local tax dynamics, property owners can make informed decisions and potentially save on their annual tax bills.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Toccoa Tax Rate
0.82%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Banks County Tax Rate
0.79%
Median Effective Georgia Tax Rate
1.08%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Toccoa, Banks County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30577 | 0.20% | 0.47% | 0.82% | 0.88% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Toccoa, Banks County, Georgia
When examining property taxes in Toccoa, GA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Banks County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Banks County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Toccoa. For example, the median home price in Toccoa is $144,521, with tax bills ranging significantly across the county. ZIP code 30577 has the highest median home price at $144,521.
Property Tax Assessment Values Across Toccoa, Banks County, Georgia
Source: Ownwell
$119,556
$168,092
$216,628
Median Toccoa Market Value
$144,521
Median Banks County Market Value
$198,598
Median Georgia Market Value
$231,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Toccoa, Banks County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30577 | $69,051 | $95,495 | $144,521 | $314,618 | $451,672 |
Source: Ownwell
Property Tax Bills Across Toccoa, Banks County, Georgia
In Toccoa, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $144,521, and property taxes can vary significantly, with the 25th percentile tax bill at $584 and the 75th percentile reaching $1,676. These figures highlight a range of tax burdens faced by homeowners, with some paying as much as $3,718 at the 90th percentile. Compared to the national median property tax bill of $2,400, Toccoa's property taxes can be more affordable for many residents, though some still face higher bills.
Factors influencing tax bills include the property's assessed value and local tax rates. Homeowners can benefit from appealing their property tax assessments to ensure they are not overpaying. Ownwell assists homeowners in Toccoa by providing property tax appeal services, helping them navigate the assessment process and potentially lower their tax bills. By leveraging local expertise and a deep understanding of property tax regulations, Ownwell can help homeowners achieve substantial savings.
Median Toccoa Tax Bill
$1,009
Median Banks County Tax Bill
$1,442
Median Georgia Tax Bill
$2,212
Median United States Tax Bill
$2,400
Property Tax Bills Across Toccoa, Banks County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30577 | $197 | $584 | $1,009 | $1,676 | $3,718 |
Source: Ownwell