Thomasville, Georgia Property Taxes
The median property tax rate in Thomasville, GA is 1.20%, higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $197,733 in Thomasville, the typical annual property tax bill reaches $2,154, still below the national median of $2,690. Property taxes in Thomasville 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 Thomasville'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 Thomasville 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
Thomasville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$2,373
$2,305
Ownwell’s Thomasville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Thomasville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Thomasville 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 Thomasville, Georgia
Property taxes in Thomasville, Georgia, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Thomasville is 1.20%, significantly higher than the U.S. national median of 0.99%. Local government entities within Thomasville set these rates annually, and they can vary across different neighborhoods. Each year, Thomasville 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 Thomasville's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31792 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these rates compare with Thomasville provides valuable insights into the varying tax landscape across Grady County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Thomasville Tax Rate
1.20%
Average Grady County Tax Rate
1.22%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thomasville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31792 | 0.68% | 1.10% | 1.20% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Thomasville, Georgia
In Thomasville, 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 Grady 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 Thomasville, 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 Thomasville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Thomasville is $2,154, with the highest and lowest median tax bills both found in the 31792 zip code.
Average Thomasville Assessed Value
$197,733
Average Grady County Assessed Value
$90,406
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Thomasville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31792 | $58,443 | $123,266 | $197,733 | $299,178 | $480,514 |
Source: Ownwell
Property Tax Bills Across Thomasville, Georgia
In Thomasville, GA, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors influencing the tax bill include the property's location within Grady County, any applicable exemptions, and the specific tax rate set by local authorities. For homeowners in Thomasville, the median home price is $197,733. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,245 and the 75th percentile at $3,179. The 90th percentile tax bill reaches up to $4,534, indicating a considerable range based on property values and assessments. The highest and lowest median tax bills in the area both stand at $2,154, highlighting some consistency within certain zip codes. Compared to the national median property tax rate of 0.99%, Thomasville’s property tax rates can have a substantial impact on homeowners, influencing their overall housing costs and financial planning.
Average Thomasville Tax Bill
$2,154
Average Grady County Tax Bill
$882
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Thomasville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31792 | $618 | $1,245 | $2,154 | $3,179 | $4,534 |
Source: Ownwell