Townsend, Georgia Property Taxes
The median property tax rate in Townsend, GA is 1.11%, slightly above both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $128,790 in Townsend, the typical annual property tax bill amounts to $1,081, which is lower than the national median of $2,690. Property taxes in Townsend are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Townsend'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 Townsend 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
Townsend, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,430
$1,388
Ownwell’s Townsend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Townsend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Townsend 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 Townsend, Georgia
Property taxes in Townsend, Georgia, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Townsend is 1.11%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Townsend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Townsend 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 Townsend's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31331 zip code has the highest median property tax rate of 1.11%, while the 31331 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Townsend provides valuable insights into the varying tax landscape across McIntosh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Townsend Tax Rate
1.11%
Average Mcintosh County Tax Rate
1.11%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Townsend, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31331 | 0.43% | 0.84% | 1.11% | 1.18% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Townsend, Georgia
In Townsend, 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 McIntosh 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 Townsend, 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. The median home price in Townsend is $128,790, with tax bills ranging from $428 at the 25th percentile to $3,881 at the 90th percentile. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Awareness of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Townsend Assessed Value
$128,790
Average Mcintosh County Assessed Value
$120,250
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Townsend, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31331 | $15,305 | $45,000 | $128,790 | $244,375 | $407,087 |
Source: Ownwell
Property Tax Bills Across Townsend, Georgia
In Townsend, McIntosh County, GA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. For instance, if the median home price in Townsend is $128,790, the assessed value would be a fraction of this amount. The property tax rate, applied to the assessed value, determines the tax bill. The median property tax rate in Townsend is notably lower than the national median of 0.99%. For example, homeowners in the 25th percentile pay around $428 annually, while those in the 75th percentile pay approximately $2,230. At the higher end, the 90th percentile tax bill reaches $3,881. These tax bills directly impact homeowners by influencing their monthly mortgage payments and overall housing affordability. Lower property taxes can make homeownership more accessible, while higher taxes can add a significant burden. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Townsend Tax Bill
$1,081
Average Mcintosh County Tax Bill
$994
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Townsend, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31331 | $190 | $428 | $1,081 | $2,230 | $3,881 |
Source: Ownwell