Waresboro, Georgia Property Taxes
The median property tax rate in Waresboro, GA is 1.16%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Waresboro at $48,412, the typical annual property tax bill reaches $460, which is significantly lower than the national median of $2,690. Property taxes in Waresboro 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 Waresboro'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 Waresboro 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
Waresboro, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$562
$521
Ownwell’s Waresboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waresboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waresboro 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 Waresboro, Georgia
Property taxes in Waresboro, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waresboro is 1.16%, higher than the U.S. national median of 0.99%. Local government entities within Waresboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waresboro 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 Waresboro's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31564 zip code has both the highest and lowest median property tax rate of 1.16%. Understanding how these cities compare with Waresboro provides valuable insights into the varying tax landscape across Ware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waresboro Tax Rate
1.16%
Average Ware County Tax Rate
1.15%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waresboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31564 | 0.25% | 0.51% | 1.16% | 1.16% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Waresboro, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Waresboro, GA. 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 Ware 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 Waresboro, 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 Waresboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Waresboro is $460 in the 31564 zip code, while the lowest median tax bill is also $460 in the same zip code. This highlights the uniformity in property tax bills within this area, making it essential for homeowners to stay informed about their property valuations and potential savings.
Average Waresboro Assessed Value
$48,412
Average Ware County Assessed Value
$82,583
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waresboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31564 | $25,297 | $34,050 | $48,412 | $53,523 | $113,755 |
Source: Ownwell
Property Tax Bills Across Waresboro, Georgia
In Waresboro, Ware County, GA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Waresboro, the median home price is $48,412, and the property tax rate is significantly lower than the national median of 0.99%. Various factors influence the final tax bill, including the property's assessed value and any applicable exemptions. For instance, the tax bill at the 25th percentile is $225, while at the 75th percentile, it rises to $559, and at the 90th percentile, it reaches $692. These figures illustrate the range of property tax obligations homeowners might face, depending on the valuation of their property. Homeowners should be mindful of these factors as they significantly impact their annual financial planning. Understanding how these elements interact can help homeowners anticipate their tax obligations and seek potential exemptions or appeals to manage their expenses better.
Average Waresboro Tax Bill
$460
Average Ware County Tax Bill
$742
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Waresboro, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31564 | $114 | $225 | $460 | $559 | $692 |
Source: Ownwell