Twin City, Georgia Property Taxes
The median property tax rate in Twin City, GA is 1.26%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Twin City at $111,362, the typical annual property tax bill reaches $1,278, which is below the national median of $2,690. Property taxes in Twin City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Twin City'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 Twin City 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
Twin City, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$1,403
$1,302
Ownwell’s Twin City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Twin City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Twin City 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 Twin City, Georgia
Property taxes in Twin City, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Twin City is 1.26%, significantly higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Twin City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Twin City 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 Twin City's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30471 zip code has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Twin City provides valuable insights into the varying tax landscape across Candler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Twin City Tax Rate
1.26%
Average Candler County Tax Rate
1.47%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Twin City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30471 | 0.72% | 0.81% | 1.26% | 1.81% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Twin City, Georgia
In Twin City, 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 Candler 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 Twin City, 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 Twin City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 30471 has the highest and lowest median tax bill, both at $1278.
Average Twin City Assessed Value
$111,362
Average Candler County Assessed Value
$83,429
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Twin City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30471 | $41,444 | $56,606 | $111,362 | $164,455 | $212,925 |
Source: Ownwell
Property Tax Bills Across Twin City, Georgia
In Twin City, located in Candler County, GA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, if a home has an assessed value derived from the median home price of $111,362, the tax bill will reflect this valuation. Several factors influence the final tax bill, including the property's location within specific zip codes and any applicable exemptions. In Twin City, the median property tax bill is $1,278, which aligns with the highest and lowest median tax bills in the area. This is significantly higher than the national median property tax rate of 0.99%, indicating a substantial impact on homeowners' annual expenses. Homeowners in Twin City can expect tax bills ranging from $1,057 at the 25th percentile to $2,320 at the 90th percentile, affecting their financial planning and overall cost of homeownership.
Average Twin City Tax Bill
$1,278
Average Candler County Tax Bill
$1,270
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Twin City, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30471 | $514 | $1,057 | $1,278 | $1,971 | $2,320 |
Source: Ownwell