Thunderbolt, Chatham County, Georgia Property Taxes

Name: Property Tax Bills Across Thunderbolt, Chatham County, Georgia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Thunderbolt, GA effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the Georgia state median of 1.08%.
Median Thunderbolt, GA home value: $271,700
Median annual Thunderbolt, GA tax bill: $1,902, $498 lower than the national median property tax bill of $2,400.

How are property taxes in Chatham calculated?

Property taxes in Thunderbolt, 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 Thunderbolt’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Thunderbolt, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Thunderbolt, Chatham County, Georgia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$2,146

$1,992

Ownwell’s Thunderbolt Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Thunderbolt with just two data points. By entering your property's estimated assessed value, our calculator applies Thunderbolt’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Chatham County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Thunderbolt, Chatham County, Georgia

Local government entities set property tax rates, which can vary significantly within Georgia. Each county, such as Chatham, calculates its budgetary needs annually and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This process involves votes and legislative actions, but this is the essence of how property tax rates are determined each year.

In Thunderbolt, located in Chatham County, the effective property tax rate is a point of interest. When compared to other cities in Georgia, Thunderbolt's rate provides a unique perspective on how property taxes are assessed locally. The median property tax rate in Georgia is 0.79%, which is lower than the national median of 1.02%. This means that homeowners in Thunderbolt may benefit from relatively lower property tax rates compared to the national average. Comparing Thunderbolt's effective property tax rate to the highest and lowest median rates within the area offers further insight into the local property tax landscape.

Property Tax Rates Across Thunderbolt, Chatham County, Georgia

Source: Ownwell

0.78%

0.93%

1.08%

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 Thunderbolt Tax Rate

0.79%

Median Effective Chatham County Tax Rate

0.97%

Median Effective Georgia Tax Rate

1.08%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Thunderbolt, Chatham County, Georgia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
31404	0.40%	0.59%	0.78%	0.93%	1.03%
31410	0.12%	0.52%	0.83%	0.98%	1.05%

Source: Ownwell

Property Tax Assessment Values Across Thunderbolt, Chatham County, Georgia

When examining property taxes in Thunderbolt, 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 Chatham County Board of Assessors 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 Chatham County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Thunderbolt. For example, the median home price in Thunderbolt is $271,700, with tax bills ranging significantly across the county. Zip code 31410 has the highest median home price at $296,350.

Property Tax Assessment Values Across Thunderbolt, Chatham County, Georgia

Source: Ownwell

$59,900

$313,650

$567,400

Median Thunderbolt Market Value

$271,700

Median Chatham County Market Value

$207,800

Median Georgia Market Value

$231,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Thunderbolt, Chatham County, Georgia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
31404	$101,920	$134,500	$190,650	$349,750	$460,090
31410	$224,150	$269,075	$296,350	$355,975	$425,150

Source: Ownwell

Property Tax Bills Across Thunderbolt, Chatham County, Georgia

In Thunderbolt, located in Chatham County, Georgia, 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 $271,700, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, home improvements, and market trends can influence the assessed value. Homeowners in Thunderbolt face tax bills that vary significantly, with the 25th percentile at $991 and the 75th percentile reaching $2,865. The highest median tax bill in the area is $2,327 in the 31410 zip code, while the lowest is $1,273 in the 31404 zip code. These figures highlight the importance of ensuring your property is not over-assessed. Ownwell can assist homeowners by reviewing their property assessments, identifying potential errors, and filing appeals if necessary. By leveraging their expertise, homeowners can potentially reduce their property tax bills and achieve substantial savings.

Property Tax Bills Across Thunderbolt, Chatham County, Georgia

Source: Ownwell

$482

$2,996

$5,509

Median Thunderbolt Tax Bill

$1,902

Median Chatham County Tax Bill

$1,873

Median Georgia Tax Bill

$2,212

Median United States Tax Bill

$2,400

Property Tax Bills Across Thunderbolt, Chatham County, Georgia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
31404	$550	$955	$1,273	$2,360	$4,069
31410	$468	$1,415	$2,327	$2,933	$3,616

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Tax Bill
Issued	September 1
Due Date #1	September 15
Due Date #2	November 15

Links
Chatham Assessor's Office
Website	www.chathamtax.org