Troup County, Georgia Property Taxes
The median property tax rate in Troup County is 1.12%, which is higher than both the national median of 0.99% and Georgia's state median of 1.08%. With the median home value in Troup County at $135,885, the typical annual property tax bill reaches $1,420, which is below the national median of $2,690. Property taxes in Troup County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Troup County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in LaGrange or another part of Troup County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Troup County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,522
$1,412
Ownwell’s Troup County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Troup County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Troup 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 Troup County, Georgia
Property taxes in Troup County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Troup County is 1.12%, which is higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Troup County set these rates annually, and they can vary significantly between different areas within the county. Each year, Troup 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 Troup County's effective property tax rate with other counties in Georgia and the national median. For comparison, the city of Hogansville has one of the higher property tax rates in Georgia at 1.12%, while the city of Grantville boasts one of the lowest at 0.85%. Analyzing how Troup County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Troup County Tax Rate
1.12%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Troup County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Five Points | N/A | N/A | N/A | N/A | N/A |
| Franklin | 0.70% | 1.07% | 1.09% | 1.11% | 1.12% |
| Grantville | N/A | N/A | N/A | N/A | N/A |
| Hogansville | 0.73% | 1.06% | 1.12% | 1.43% | 1.43% |
| Lagrange | 0.84% | 1.07% | 1.12% | 1.12% | 1.12% |
| Pine Mountain | 0.55% | 0.90% | 1.08% | 1.12% | 1.12% |
| West Point | 0.58% | 0.97% | 1.09% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Troup County, Georgia
In Troup 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 Troup 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 Troup 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. Being aware of these valuation processes in Troup County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. The highest median tax bill in the county is $3,116 in Five Points, whereas the lowest is $1,010 in West Point.
Average Troup County Assessed Value
$135,885
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Troup County, Georgia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Five Points | N/A | N/A | N/A | N/A | N/A |
| Franklin | $67,515 | $129,945 | $177,345 | $245,075 | $296,040 |
| Grantville | N/A | N/A | N/A | N/A | N/A |
| Hogansville | $42,346 | $65,255 | $118,080 | $183,650 | $269,471 |
| Lagrange | $42,800 | $76,200 | $141,810 | $210,800 | $311,760 |
| Pine Mountain | $67,634 | $98,600 | $154,100 | $243,000 | $371,962 |
| West Point | $40,590 | $67,095 | $98,910 | $153,250 | $227,850 |
Source: Ownwell
Property Tax Bills Across Troup County, Georgia
In Troup County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For homeowners in this region, the median home price is $135,885. The property tax rate, when applied to this assessed value, results in varying tax bills. For instance, the 25th percentile tax bill is $722, while the 75th percentile tax bill reaches $2,190. At the 90th percentile, homeowners can expect to pay around $3,219. Several factors influence these tax bills, including property location, home value, and applicable exemptions. For example, homes in Five Points experience the highest median tax bill at $3,116, while those in West Point see the lowest at $1,010. These differences can significantly impact homeowners, affecting their annual expenses and overall financial planning. Compared to the national median property tax rate of 0.99%, Troup County's rates reflect the unique economic landscape of the region.
Average Troup County Tax Bill
$1,420
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Troup County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Five Points | N/A | N/A | N/A | N/A | N/A |
| Franklin | $548 | $1,222 | $1,952 | $2,552 | $3,277 |
| Grantville | N/A | N/A | N/A | N/A | N/A |
| Hogansville | $402 | $726 | $1,347 | $2,204 | $2,935 |
| Lagrange | $394 | $728 | $1,474 | $2,233 | $3,312 |
| Pine Mountain | $572 | $922 | $1,535 | $2,314 | $3,560 |
| West Point | $309 | $602 | $1,010 | $1,609 | $2,343 |
Source: Ownwell