Taylorsville, Georgia Property Taxes
The median property tax rate in Taylorsville, GA is 0.96%, slightly below both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Taylorsville at $174,830, the typical annual property tax bill amounts to $1,659, which is lower than the national median of $2,690. Property taxes in Taylorsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Taylorsville'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 Taylorsville 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
Taylorsville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$1,678
$1,630
Ownwell’s Taylorsville Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Taylorsville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Taylorsville to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends at a neighborhood level, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Taylorsville, Georgia
Property taxes in Taylorsville, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Taylorsville is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Taylorsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taylorsville 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 Taylorsville's effective property tax rate to other areas in Georgia and the national median. For comparison, the 30178 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Taylorsville provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Taylorsville Tax Rate
0.96%
Average Polk County Tax Rate
0.96%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Taylorsville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30178 | 0.96% | 0.96% | 0.96% | 0.96% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Taylorsville, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Taylorsville, Georgia. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the local 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 Taylorsville, 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 Taylorsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 30178 has the highest and lowest median tax bill at $1,659, highlighting the uniformity in tax burdens across the area.
Average Taylorsville Assessed Value
$174,830
Average Polk County Assessed Value
$96,778
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Taylorsville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30178 | $62,240 | $113,058 | $174,830 | $258,193 | $364,457 |
Source: Ownwell
Property Tax Bills Across Taylorsville, Georgia
In Taylorsville, Polk County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Taylorsville is $174,830. To determine the tax bill, this assessed value is multiplied by the local tax rate. Several factors influence the final tax bill, including local government budgets, school district funding, and public service costs. Homeowners in Taylorsville experience a range of tax bills. For instance, the 25th percentile tax bill is $1,087, while the 75th percentile tax bill is $2,438, and the 90th percentile tax bill reaches $3,347. These figures highlight the variability in tax burdens depending on property values and specific assessments. The highest and lowest median tax bills both stand at $1,659, indicating a relatively consistent tax rate within the zip code 30178. Compared to the national median property tax rate of 0.99%, Taylorsville's rates reflect local economic conditions and funding needs, impacting homeowners' financial planning and property investment decisions.
Average Taylorsville Tax Bill
$1,659
Average Polk County Tax Bill
$1,041
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Taylorsville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30178 | $598 | $1,087 | $1,659 | $2,438 | $3,347 |
Source: Ownwell