Cadwell, Georgia Property Taxes
The median property tax rate in Cadwell, GA is 0.90%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Cadwell being $64,954, the typical annual property tax bill amounts to $608, significantly below the national median of $2,690. Property taxes in Cadwell are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cadwell'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 Cadwell or another part of Laurens County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cadwell, 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 Cadwell Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cadwell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cadwell 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 Cadwell, Georgia
Property taxes in Cadwell, Georgia, are essential for funding crucial local services like public schools, road maintenance, and emergency services. The median tax rate in Cadwell stands at 0.90%, which is below the U.S. national median of 0.99%. Local government entities within Cadwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cadwell 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 Cadwell's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31009 zip code has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Cadwell provides valuable insights into the varying tax landscape across Laurens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cadwell Tax Rate
0.90%
Average Laurens County Tax Rate
0.90%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cadwell, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31009 | 0.90% | 0.90% | 0.90% | 0.91% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Cadwell, Georgia
In Cadwell, 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 Laurens 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 Cadwell, 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 Cadwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 31009 has the highest and lowest median tax bill, both at $608.
Average Cadwell Assessed Value
$64,954
Average Laurens County Assessed Value
$75,596
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cadwell, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31009 | $16,924 | $32,077 | $64,954 | $133,605 | $229,585 |
Source: Ownwell
Property Tax Bills Across Cadwell, Georgia
In Cadwell, Laurens County, GA, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors are considered in determining the tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Cadwell experience varying tax bills, with the 25th percentile paying around $300 and the 75th percentile paying up to $1,242. The highest median tax bill in the area is $608, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services. Therefore, while property taxes are an expense for homeowners, they also contribute to the overall quality of life in the community.
Average Cadwell Tax Bill
$608
Average Laurens County Tax Bill
$799
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Cadwell, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31009 | $159 | $300 | $608 | $1,242 | $2,058 |
Source: Ownwell