Tunnel Hill, Georgia Property Taxes
The median property tax rate in Tunnel Hill, GA is 0.87%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $118,149 in Tunnel Hill, the typical annual property tax bill amounts to $865, significantly below the national median of $2,690. Property taxes in Tunnel Hill are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Tunnel Hill'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 Tunnel Hill 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
Tunnel Hill, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,028
$998
Ownwell’s Tunnel Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tunnel Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tunnel Hill 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 Tunnel Hill, Georgia
Property taxes in Tunnel Hill, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tunnel Hill is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Tunnel Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tunnel Hill 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 Tunnel Hill's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30755 has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Tunnel Hill provides valuable insights into the varying tax landscape across Catoosa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tunnel Hill Tax Rate
0.87%
Average Catoosa County Tax Rate
0.90%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tunnel Hill, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30755 | 0.28% | 0.75% | 0.87% | 0.90% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Tunnel Hill, Georgia
In Tunnel Hill, 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 local 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 Tunnel Hill, 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 Tunnel Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 30755, with a median tax bill of $865.
Average Tunnel Hill Assessed Value
$118,149
Average Catoosa County Assessed Value
$192,792
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tunnel Hill, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30755 | $31,548 | $49,590 | $118,149 | $190,162 | $298,775 |
Source: Ownwell
Property Tax Bills Across Tunnel Hill, Georgia
In Tunnel Hill, property tax bills are calculated based on the assessed value of your home, which is determined by the Catoosa County Tax Assessor's office. The assessed value is typically a percentage of the market value of your property. For instance, if your home has a market value of $118,149, the assessed value will be a fraction of this amount. The local property tax rate is then applied to the assessed value to determine your annual tax bill. Several factors influence the assessed value, including property size, location, and any improvements made to the home. In Tunnel Hill, the median property tax bill is $865, which is lower than the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay around $367, while those in the 75th percentile pay up to $1,553. For high-value properties, the tax bill can reach $2,416. These taxes fund essential community services like schools, roads, and emergency services, impacting the overall quality of life for residents.
Average Tunnel Hill Tax Bill
$865
Average Catoosa County Tax Bill
$1,597
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Tunnel Hill, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30755 | $185 | $367 | $865 | $1,553 | $2,416 |
Source: Ownwell