Toccoa, Georgia Property Taxes
The median property tax rate in Toccoa, GA is 1.19%, which is higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Toccoa at $92,867, the typical annual property tax bill amounts to $913, falling below the national median of $2,690. Property taxes in Toccoa are calculated based on the tax assessed value, which often is lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Toccoa'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 Toccoa 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
Toccoa, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Toccoa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Toccoa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Toccoa to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more localized trends, additional neighborhood-level information is available below. Your property’s assessed value is determined by Stephens County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Toccoa, Georgia
Property taxes in Toccoa, Georgia, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Toccoa is 1.19%, significantly higher than the U.S. national median of 0.99%. Local government entities within Toccoa set these rates annually, and they can vary significantly across different neighborhoods. Each year, Toccoa 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 Toccoa's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30577 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Toccoa provides valuable insights into the varying tax landscape across Stephens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Toccoa Tax Rate
1.19%
Average Stephens County Tax Rate
1.19%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Toccoa, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30577 | 0.48% | 1.10% | 1.19% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Toccoa, Georgia
In Toccoa, 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 Stephens 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 Toccoa, 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 Toccoa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Toccoa, the median home price is $92,867. The tax bill for the 25th percentile is $486, while the 75th percentile is $1,536, and the 90th percentile reaches $2,513. The zip code with both the highest and lowest median tax bill is 30577, with a median tax bill of $913.
Average Toccoa Assessed Value
$92,867
Average Stephens County Assessed Value
$95,255
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Toccoa, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30577 | $28,813 | $55,326 | $92,867 | $148,815 | $232,052 |
Source: Ownwell
Property Tax Bills Across Toccoa, Georgia
In Toccoa, Stephens County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Toccoa is $92,867. Property tax rates and assessed values are key factors in determining the final tax bill. For instance, the tax bill for the 25th percentile is $486, while for the 75th percentile, it rises to $1,536. At the 90th percentile, homeowners can expect a tax bill of $2,513. The median tax bill in Toccoa is $913, which is below the national median property tax rate of 0.99%. This relatively lower tax rate can make homeownership more affordable in Toccoa compared to other regions. However, homeowners should still be mindful of the assessed values and local tax rates, as these can fluctuate and impact the overall cost of owning property. Understanding these factors can help homeowners budget more effectively and plan for future expenses.
Average Toccoa Tax Bill
$913
Average Stephens County Tax Bill
$930
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Toccoa, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30577 | $224 | $486 | $913 | $1,536 | $2,513 |
Source: Ownwell