Woodland, Georgia Property Taxes
The median property tax rate in Woodland, GA is 1.23%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Woodland, the typical annual property tax bill reaches $1,137, exceeding the national median of $2,690. Property taxes in Woodland 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 Woodland'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 Woodland 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
Woodland, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,009
$980
Ownwell’s Woodland Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Woodland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodland to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Woodland, Georgia
Property taxes in Woodland, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodland is 1.23%, which is higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Woodland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodland 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 Woodland's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31836 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these areas compare with Woodland provides valuable insights into the varying tax landscape across Talbot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Woodland Tax Rate
1.23%
Average Talbot County Tax Rate
1.23%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woodland, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31836 | 1.23% | 1.23% | 1.23% | 1.75% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Woodland, Georgia
In Woodland, 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 Talbot 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 Woodland, 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 Woodland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 31836 in Woodland has the highest median tax bill at $1,137, which is also the lowest, providing a consistent benchmark for property owners in the area.
Average Woodland Assessed Value
$82,051
Average Talbot County Assessed Value
$71,281
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Woodland, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31836 | $14,323 | $33,314 | $82,051 | $169,222 | $298,279 |
Source: Ownwell
Property Tax Bills Across Woodland, Georgia
In Woodland, located in Talbot County, GA, property tax bills are calculated based on the assessed value of your home. The assessed value is typically a percentage of the market value of the property, which is determined by the county's tax assessor. Factors such as the size of the property, location, and any improvements made can influence this assessed value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For instance, the median home price in Woodland is $82,051. Property tax bills in this area range significantly, with the 25th percentile paying around $481 annually, while the 75th percentile sees bills of approximately $2,111. Homeowners at the 90th percentile face even higher taxes, up to $3,674. Compared to the national median property tax rate of 0.99%, Woodland's property tax rates can vary widely, impacting homeowners differently based on their property's assessed value and the specific tax rate applied.
Average Woodland Tax Bill
$1,137
Average Talbot County Tax Bill
$942
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodland, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31836 | $210 | $481 | $1,137 | $2,111 | $3,674 |
Source: Ownwell