Pelham, Georgia Property Taxes
The median property tax rate in Pelham, GA is 0.98%, slightly below both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Pelham at $145,642, the typical annual property tax bill amounts to $1,427, which is lower than the national median of $2,690. Property taxes in Pelham are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Pelham'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 Pelham or another part of Thomas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pelham, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,427
$1,386
Ownwell’s Pelham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pelham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pelham 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 Pelham, Georgia
Property taxes in Pelham, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pelham is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Pelham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pelham 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 Pelham's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31779 zip code has both the highest and the lowest median property tax rate of 0.98%. Understanding how these cities compare with Pelham provides valuable insights into the varying tax landscape across Thomas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pelham Tax Rate
0.98%
Average Thomas County Tax Rate
1.01%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pelham, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31779 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Pelham, Georgia
In Pelham, 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 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 Pelham, 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 Pelham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 31779 has the highest and lowest median tax bill at $1,427.
Average Pelham Assessed Value
$145,642
Average Thomas County Assessed Value
$133,872
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pelham, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31779 | $53,055 | $126,178 | $145,642 | $351,409 | $379,966 |
Source: Ownwell
Property Tax Bills Across Pelham, Georgia
In Pelham, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the final tax bill. For example, with a median home price of $145,642, homeowners might see a range of tax bills depending on various factors such as location and property characteristics. The 25th percentile tax bill is around $1,236, while the 75th percentile tax bill can go up to $3,442, and the 90th percentile reaches $3,722. Homeowners in Pelham face property tax bills that can vary significantly, impacting their overall financial planning. The highest median tax bill in the area is $1,427, which is relatively close to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their tax obligations and manage their budgets more effectively.
Average Pelham Tax Bill
$1,427
Average Thomas County Tax Bill
$1,363
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Pelham, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31779 | $520 | $1,236 | $1,427 | $3,442 | $3,722 |
Source: Ownwell