Tallulah Falls, Georgia Property Taxes
The median property tax rate in Tallulah Falls, GA is 0.73%, notably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $191,997 in Tallulah Falls, the typical annual property tax bill reaches $1,427, which is significantly below the national median of $2,690. Property taxes in Tallulah Falls 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 Tallulah Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Tallulah Falls 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
Tallulah Falls, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,402
$1,361
Ownwell’s Tallulah Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tallulah Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tallulah Falls 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 Tallulah Falls, Georgia
Property taxes in Tallulah Falls, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tallulah Falls is 0.73%, which is lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Tallulah Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tallulah Falls 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 Tallulah Falls' effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30573 has both the highest and lowest median property tax rate of 0.73%. Understanding how these cities compare with Tallulah Falls provides valuable insights into the varying tax landscape across Rabun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tallulah Falls Tax Rate
0.73%
Average Rabun County Tax Rate
0.73%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tallulah Falls, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30573 | 0.71% | 0.72% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Tallulah Falls, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Tallulah Falls, 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 Rabun 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 Tallulah Falls, 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 Tallulah Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Tallulah Falls is $1427, found in the zip code 30573.
Average Tallulah Falls Assessed Value
$191,997
Average Rabun County Assessed Value
$181,668
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tallulah Falls, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30573 | $46,261 | $108,164 | $191,997 | $273,013 | $337,844 |
Source: Ownwell
Property Tax Bills Across Tallulah Falls, Georgia
In Tallulah Falls, Rabun County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Rabun County's property tax rate is competitive when compared to the national median property tax rate of 0.99%. For homeowners in Tallulah Falls, the median home price is $191,997. The tax bill at the 25th percentile is $857, while at the 75th percentile, it rises to $2,005. The highest tax bills, at the 90th percentile, can reach up to $2,489. These amounts reflect the variability in property values and assessments within the area. Homeowners must budget for these taxes, as they contribute significantly to local services and infrastructure. Understanding these factors can help residents anticipate their annual financial obligations and plan accordingly.
Average Tallulah Falls Tax Bill
$1,427
Average Rabun County Tax Bill
$1,337
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Tallulah Falls, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30573 | $412 | $857 | $1,427 | $2,005 | $2,489 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Tax Bill | |
| Issued | September 1 |
| Due Date #1 | September 15 |
| Due Date #2 | November 15 |
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