Tarrytown, Montgomery County, Georgia Property Taxes
The median property tax rate in Tarrytown, GA is 1.12%, which is higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $105,272 in Tarrytown, the typical annual property tax bill amounts to $1,109, still below the national median of $2,690. Property taxes in Tarrytown are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Tarrytown'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 Tarrytown 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
Tarrytown, Montgomery County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,179
$1,094
Ownwell’s Tarrytown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tarrytown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tarrytown 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 Tarrytown, Montgomery County, Georgia
Property taxes in Tarrytown, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tarrytown is 1.12%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Tarrytown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tarrytown 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 Tarrytown's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30470 zip code has the highest median property tax rate of 1.12%, while the 30470 zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Tarrytown provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tarrytown Tax Rate
1.12%
Average Montgomery County Tax Rate
1.16%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tarrytown, Montgomery County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30470 | 0.76% | 0.96% | 1.12% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Tarrytown, Montgomery County, Georgia
In Tarrytown, 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 Montgomery 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 Tarrytown, 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 Tarrytown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 30470 has the highest median tax bill at $1,109.
Property Tax Assessment Values Across Tarrytown, Montgomery County, Georgia
Source: Ownwell
$41,106
$77,478
$113,850
Average Tarrytown Assessed Value
$105,272
Average Montgomery County Assessed Value
$76,171
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tarrytown, Montgomery County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30470 | $19,818 | $49,707 | $105,272 | $179,391 | $257,783 |
Source: Ownwell
Property Tax Bills Across Tarrytown, Montgomery County, Georgia
Property tax bills in Tarrytown, Montgomery County, GA, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Tarrytown is $105,272. Property taxes are then determined by applying the local tax rate to this assessed value. For instance, the tax bill at the 25th percentile is $527, while at the 75th percentile, it reaches $1,931. The 90th percentile tax bill can go up to $2,866. These figures indicate that homeowners in Tarrytown might pay significantly different amounts depending on their property's assessed value and the corresponding tax rate. Factors influencing the tax bill include the property's assessed value, any applicable exemptions, and the local tax rate. Compared to the national median property tax rate of 0.99%, Tarrytown's rates can vary, impacting homeowners differently. Higher property taxes can affect affordability and the overall cost of homeownership, making it essential for homeowners to understand how their tax bills are determined and what they can do to potentially lower them.
Average Tarrytown Tax Bill
$1,109
Average Montgomery County Tax Bill
$816
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Tarrytown, Montgomery County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30470 | $195 | $527 | $1,109 | $1,931 | $2,866 |
Source: Ownwell