Willacoochee, Georgia Property Taxes
The median property tax rate in Willacoochee, GA is 0.89%, which is notably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Willacoochee at $35,444, the typical annual property tax bill amounts to $257, significantly below the national median of $2,690. Property taxes in Willacoochee are determined based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Willacoochee's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Willacoochee or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Willacoochee, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$315
$293
Ownwell’s Willacoochee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willacoochee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willacoochee 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 Willacoochee, Georgia
Property taxes in Willacoochee, Georgia, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Willacoochee is 0.89%, which is slightly below the U.S. national median of 0.99%. Local government entities within Willacoochee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willacoochee 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 Willacoochee's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31650 has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with Willacoochee provides valuable insights into the varying tax landscape across Coffee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Willacoochee Tax Rate
0.89%
Average Coffee County Tax Rate
0.89%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willacoochee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31650 | 0.30% | 0.46% | 0.89% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Willacoochee, Georgia
In Willacoochee, 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 Coffee 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 Willacoochee, 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. The median home price in Willacoochee is $35,444. The 25th percentile of tax bills is $105, while the 75th percentile reaches $738, and the 90th percentile goes up to $1,476. The highest and lowest median tax bill, both at $257, are found in the 31650 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Willacoochee Assessed Value
$35,444
Average Coffee County Assessed Value
$48,124
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Willacoochee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31650 | $8,186 | $16,434 | $35,444 | $107,220 | $268,497 |
Source: Ownwell
Property Tax Bills Across Willacoochee, Georgia
Property tax bills in Willacoochee, located in Coffee County, GA, are determined based on the assessed value of a property, which is typically a percentage of its market value. Homeowners in Willacoochee can expect their property tax bills to vary significantly, with the 25th percentile tax bill being around $105 and the 75th percentile tax bill reaching $738. For those in the 90th percentile, the tax bill can be as high as $1,476. Compared to the national median property tax rate of 0.99%, Willacoochee offers a relatively affordable property tax environment, which can be appealing to prospective homeowners. The median home price in this area stands at $35,444, which further influences the overall tax burden. Factors such as property location, size, and improvements can also affect the assessed value, thereby impacting the tax amount. Understanding these variables is crucial for homeowners to anticipate their annual property tax liabilities and manage their finances effectively.
Average Willacoochee Tax Bill
$257
Average Coffee County Tax Bill
$367
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Willacoochee, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31650 | $65 | $105 | $257 | $738 | $1,476 |
Source: Ownwell