Pelham, Georgia Property Taxes
The median property tax rate in Pelham, GA is 1.77%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Pelham, the typical annual property tax bill reaches $1,011, exceeding the national median of $2,690. Property taxes in Pelham 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 Pelham'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 Pelham 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
Pelham, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.77%
Estimate Property Tax Bill
$1,093
$1,014
Ownwell’s Pelham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pelham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pelham 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 Pelham, Georgia
Property taxes in Pelham, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pelham is 0.93%, 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 Pelham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pelham 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 Pelham's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31779 zip code has the highest median property tax rate of 0.93%, while the 31779 zip code also has the lowest median tax rate of 0.93%. Understanding how these cities compare with Pelham provides valuable insights into the varying tax landscape across Mitchell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pelham Tax Rate
1.77%
Average Mitchell County Tax Rate
1.39%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pelham, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31779 | 1.39% | 1.39% | 1.77% | 1.77% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Pelham, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pelham, 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 Mitchell 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 Pelham, 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 example, the median home price in Pelham is $61,740, with tax bills ranging from $554 at the 25th percentile to $2,928 at the 90th percentile. The zip code 31779 has both the highest and lowest median tax bill, at $1,011. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Pelham Assessed Value
$61,740
Average Mitchell County Assessed Value
$70,760
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pelham, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31779 | $17,719 | $34,822 | $61,740 | $108,300 | $198,853 |
Source: Ownwell
Property Tax Bills Across Pelham, Georgia
In Pelham, located in Mitchell County, GA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. Factors such as property location, size, and improvements can influence this assessed value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, the median home price in Pelham is $61,740, and property tax bills can vary significantly. Homeowners in the 25th percentile might see tax bills around $554, while those in the 75th percentile could face bills up to $1,723. In the 90th percentile, tax bills can reach as high as $2,928. This variation affects homeowners differently, depending on their property's assessed value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Pelham's property tax rates provide a diverse range of financial impacts on its residents, highlighting the importance of understanding local tax structures.
Average Pelham Tax Bill
$1,011
Average Mitchell County Tax Bill
$1,122
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Pelham, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31779 | $279 | $554 | $1,011 | $1,723 | $2,928 |
Source: Ownwell