Whigham, Georgia Property Taxes
The median property tax rate in Whigham, GA is 1.12%, notably higher than both the national median of 0.99% and Georgia's state median of 1.08%. With a median home value of $168,899 in Whigham, the typical annual property tax bill amounts to $1,487, which is below the national median of $2,690. Property taxes in Whigham are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Whigham'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 Whigham 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
Whigham, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,892
$1,837
Ownwell’s Whigham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whigham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whigham 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 Whigham, Georgia
Property taxes in Whigham, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whigham is 1.12%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Whigham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whigham 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 Whigham's effective property tax rate to other counties in Georgia and the national median. For comparison, the 39897 zip code has both the highest and lowest median property tax rate of 1.12%. Understanding how these cities compare with Whigham provides valuable insights into the varying tax landscape across Decatur County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whigham Tax Rate
1.12%
Average Decatur County Tax Rate
1.16%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whigham, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39897 | 0.61% | 0.82% | 1.12% | 1.16% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Whigham, Georgia
In Whigham, 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 Decatur 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 Whigham, 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 Whigham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,487 in the 39897 zip code, while the lowest is also $1,487 in the same zip code.
Average Whigham Assessed Value
$168,899
Average Decatur County Assessed Value
$105,240
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whigham, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39897 | $26,421 | $59,056 | $168,899 | $335,968 | $473,074 |
Source: Ownwell
Property Tax Bills Across Whigham, Georgia
In Whigham, property tax bills are determined by 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. For homeowners, several factors influence the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. In Whigham, the median home price is $168,899. Property tax bills can vary significantly, with the 25th percentile tax bill at $585 and the 75th percentile tax bill reaching $3,329. At the 90th percentile, homeowners might see tax bills as high as $5,264. The median property tax bill in Whigham’s zip code 39897 is $1,487, which is below the national median property tax rate of 0.99%. Understanding how property tax bills are calculated helps homeowners anticipate their annual expenses and budget accordingly. By knowing the assessed value and local tax rate, homeowners can estimate their tax obligations and explore potential exemptions to reduce their tax burden.
Average Whigham Tax Bill
$1,487
Average Decatur County Tax Bill
$1,188
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Whigham, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39897 | $211 | $585 | $1,487 | $3,329 | $5,264 |
Source: Ownwell