Thomasville, Georgia Property Taxes
The median property tax rate in Thomasville, GA is 1.13%, which is significantly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $139,823 in Thomasville, the typical annual property tax bill amounts to $1,409, surpassing the national median of $2,690. Property taxes in Thomasville are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Thomasville'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 Thomasville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Thomasville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$1,580
$1,466
Ownwell’s Thomasville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Thomasville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Thomasville 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 Thomasville, Georgia
Property taxes in Thomasville, Georgia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Thomasville is 1.13%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Thomasville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Thomasville 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 Thomasville's effective property tax rate to other areas in Georgia and the national median. For comparison, the 31792 zip code has the highest median property tax rate of 1.13%, while the 31757 zip code has the lowest median tax rate of 1.00%. Understanding how these areas compare with Thomasville 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 Thomasville Tax Rate
1.13%
Average Thomas County Tax Rate
1.01%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thomasville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31757 | 0.91% | 0.98% | 1.00% | 1.01% | 1.01% |
| 31792 | 0.98% | 1.13% | 1.13% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Thomasville, Georgia
In Thomasville, 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 Thomas 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 Thomasville, 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. The median home price in Thomasville is $139,823, with tax bills ranging significantly. For instance, the highest median tax bill is $1,674 in zip code 31757, while the lowest is $1,272 in zip code 31792. 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 Thomasville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Thomasville Assessed Value
$139,823
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 Thomasville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31757 | $33,966 | $101,983 | $175,290 | $258,124 | $370,216 |
| 31792 | $29,540 | $59,905 | $123,390 | $213,206 | $389,669 |
Source: Ownwell
Property Tax Bills Across Thomasville, Georgia
In Thomasville, located in Thomas County, GA, property tax bills are calculated based on the assessed value of a home. The local tax authorities determine this value, which is typically a percentage of the property's market value. Homeowners in Thomasville experience varying tax bills, influenced by factors such as the home's assessed value and the local tax rate. For instance, the median home price in Thomasville is $139,823, and tax bills can range significantly. For the lower end, the 25th percentile tax bill is $674, while the 75th percentile tax bill reaches $2,312. At the higher end, the 90th percentile tax bill can be as much as $3,740. Tax bills also vary by zip code, with the highest median tax bill being $1,674 in the 31757 area and the lowest median tax bill at $1,272 in the 31792 area. These variations impact homeowners differently, with higher-assessed properties facing steeper tax obligations, which can affect overall housing affordability and financial planning.
Average Thomasville Tax Bill
$1,409
Average Thomas County Tax Bill
$1,363
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Thomasville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31757 | $332 | $980 | $1,674 | $2,453 | $3,628 |
| 31792 | $323 | $603 | $1,272 | $2,206 | $3,817 |
Source: Ownwell