Warm Springs, Georgia Property Taxes
The median property tax rate in Warm Springs, GA is 1.11%, notably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Warm Springs at $150,969, the typical annual property tax bill amounts to $1,554, surpassing the national median of $2,690. Property taxes in Warm Springs are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Familiarizing yourself with Warm Springs' property tax system, exploring available exemptions, and finding opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Warm Springs or another part of Harris County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Warm Springs, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,676
$1,628
Ownwell’s Warm Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warm Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warm Springs 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 Warm Springs, Georgia
Property taxes in Warm Springs, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warm Springs is 0.83%, which is lower than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Warm Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warm Springs 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 Warm Springs' effective property tax rate to other counties in Georgia and the national median. For comparison, the 31830 zip code has the highest median property tax rate of 0.83%, while the same 31830 zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Warm Springs provides valuable insights into the varying tax landscape across Meriwether County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Warm Springs Tax Rate
1.11%
Average Harris County Tax Rate
1.11%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warm Springs, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31830 | 0.61% | 0.95% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Warm Springs, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Warm Springs, Georgia. 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 Harris 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 in Warm Springs 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, the median home price in Warm Springs is $150,969, with tax bills ranging from $1,286 at the 25th percentile to $2,174 at the 90th percentile. Notably, the highest and lowest median tax bills both stand at $1,554 in the 31830 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 manage their tax burden effectively.
Average Warm Springs Assessed Value
$150,969
Average Harris County Assessed Value
$227,672
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Warm Springs, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31830 | $120,215 | $133,978 | $150,969 | $172,524 | $205,394 |
Source: Ownwell
Property Tax Bills Across Warm Springs, Georgia
In Warm Springs, GA, part of Harris County, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Warm Springs is $150,969. The local property tax rate is applied to this assessed value to determine the tax bill. For homeowners, this means that their tax bills can vary significantly depending on their property's value and the specific rate applied. The tax bill for properties at the 25th percentile is around $1,286, while those at the 75th percentile see bills of approximately $1,827. At the higher end, the 90th percentile tax bill reaches about $2,174. These figures illustrate the range of property tax burdens faced by homeowners in Warm Springs. Compared to the national median property tax rate of 0.99%, the property tax rates in Warm Springs can significantly impact household budgets, making it essential for homeowners to understand their assessed values and potential exemptions to manage their tax liabilities effectively.
Average Warm Springs Tax Bill
$1,554
Average Harris County Tax Bill
$2,437
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Warm Springs, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31830 | $853 | $1,286 | $1,554 | $1,827 | $2,174 |
Source: Ownwell