Waco, Georgia Property Taxes
The median property tax rate in Waco, GA is 1.12%, which is considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $81,842 in Waco, the typical annual property tax bill reaches $953, still below the national median of $2,690. Property taxes in Waco are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Waco'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 Waco 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
Waco, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Waco Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waco with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waco 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 Waco, Georgia
Property taxes in Waco, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waco is 1.12%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Waco set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waco 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 Waco's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30182 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Waco provides valuable insights into the varying tax landscape across Haralson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waco Tax Rate
1.12%
Average Haralson County Tax Rate
1.12%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waco, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30182 | 1.12% | 1.12% | 1.12% | 1.12% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Waco, Georgia
In Waco, 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 Haralson 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. 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. For instance, homeowners in the zip code 30182 experience the highest median tax bill at $953. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Waco Assessed Value
$81,842
Average Haralson County Assessed Value
$113,800
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waco, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30182 | $21,731 | $38,905 | $81,842 | $153,976 | $228,524 |
Source: Ownwell
Property Tax Bills Across Waco, Georgia
In Waco, Haralson County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate, applied to this assessed value, determines the final tax bill. For example, with a median home price of $81,842, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Factors influencing the tax bill include the property's size, location, and any applicable exemptions. The 25th percentile tax bill in Waco is $444, while the 75th percentile tax bill reaches $1,780, and the 90th percentile can go up to $2,587. These figures illustrate the range homeowners might experience based on their property’s assessed value and local tax policies. Compared to the national median property tax rate of 0.99%, Waco's tax bills reflect local economic conditions and municipal funding needs. Homeowners in Waco should be aware of these factors as they directly impact their annual financial obligations and the overall affordability of homeownership in the area.
Average Waco Tax Bill
$953
Average Haralson County Tax Bill
$1,337
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Waco, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30182 | $238 | $444 | $953 | $1,780 | $2,587 |
Source: Ownwell