Towns County, Georgia Property Taxes
The median property tax rate in Towns County is 0.47%, which is significantly lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $254,647 in Towns County, the typical annual property tax bill is approximately $1,002, well below the national median of $2,690. Property taxes in Towns County are calculated based on the tax assessed value, which is generally lower than the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Towns County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you reside in Hiawassee or another part of Towns County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Towns County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$1,197
$1,111
Ownwell’s Towns County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Towns County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Towns County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Towns County, Georgia
Property taxes in Towns County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Towns County is 0.47%, which is lower than the U.S. national median of 0.99%. Local government entities within Towns County set these rates annually, and they can vary significantly between different areas within the county. Each year, Towns County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Towns County's effective property tax rate with other areas in Georgia and the national median. For comparison, the city of Clayton has one of the higher property tax rates in Georgia at 0.47%, while the city of Young Harris boasts one of the lowest at 0.43%. Analyzing how Towns County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Towns County Tax Rate
0.47%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Towns County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clayton | 0.30% | 0.36% | 0.47% | 0.47% | 0.47% |
| Hiawassee | 0.26% | 0.33% | 0.47% | 0.47% | 0.47% |
| Young Harris | 0.26% | 0.31% | 0.43% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Towns County, Georgia
In Towns County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Towns County Appraisal District. The assessed value, however, 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. Assessment notices in Towns County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Clayton has the highest median tax bill at $1,063, while Young Harris has the lowest at $954. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Towns County Assessed Value
$254,647
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Towns County, Georgia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clayton | $90,555 | $206,868 | $287,912 | $403,340 | $621,111 |
| Hiawassee | $80,228 | $152,358 | $260,380 | $407,480 | $620,025 |
| Young Harris | $73,394 | $154,527 | $245,819 | $359,017 | $511,420 |
Source: Ownwell
Property Tax Bills Across Towns County, Georgia
In Towns County, GA, property tax bills are calculated based on the assessed value of your home, which is typically a percentage of the market value. Local tax authorities determine this assessed value and apply the county’s property tax rate to calculate your annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, the median home price in Towns County is $254,647. Homeowners in Towns County experience a range of tax bills. At the 25th percentile, the tax bill is around $561, while at the 75th percentile, it jumps to $1,625. Those at the 90th percentile see tax bills as high as $2,481. Comparatively, the highest median tax bill in the county is $1,063 in Clayton, while the lowest is $954 in Young Harris. These property taxes play a crucial role in funding local services and infrastructure, directly impacting the quality of life for residents. Understanding these factors can help homeowners anticipate their financial responsibilities and plan accordingly.
Average Towns County Tax Bill
$1,002
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Towns County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clayton | $378 | $804 | $1,063 | $1,546 | $2,465 |
| Hiawassee | $267 | $567 | $1,031 | $1,706 | $2,644 |
| Young Harris | $252 | $550 | $954 | $1,467 | $2,065 |
Source: Ownwell