Parrott, Georgia Property Taxes
The median property tax rate in Parrott, GA is 1.04%, slightly higher than the national median of 0.99% but lower than the Georgia state median of 1.08%. With a median home value of $54,286 in Parrott, the typical annual property tax bill comes to $566, which is significantly below the national median of $2,690. Property taxes in Parrott are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Parrott'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 Parrott 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
Parrott, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$565
$548
Ownwell’s Parrott Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Parrott with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Parrott 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 Parrott, Georgia
Property taxes in Parrott, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Parrott is 1.04%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Parrott set these rates annually, and they can vary significantly across different neighborhoods. Each year, Parrott 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 Parrott's effective property tax rate to other counties in Georgia and the national median. For comparison, the 39877 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these areas compare with Parrott provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Parrott Tax Rate
1.04%
Average Webster County Tax Rate
1.04%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Parrott, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39877 | 1.04% | 1.04% | 1.04% | 1.04% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Parrott, Georgia
In Parrott, 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 Webster 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 Parrott, 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 Parrott helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Parrott is $566 in zip code 39877, which is notably different from the national median property tax rate of 0.99%.
Average Parrott Assessed Value
$54,286
Average Webster County Assessed Value
$44,300
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Parrott, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39877 | $14,440 | $25,904 | $54,286 | $100,350 | $160,461 |
Source: Ownwell
Property Tax Bills Across Parrott, Georgia
In Parrott, located in Webster County, GA, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The assessed value is a percentage of the market value of your property, and the local tax rate is then applied to this assessed value to determine your tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Parrott, the median home price is $54,286. Property tax bills can vary significantly, with the 25th percentile tax bill at $270 and the 75th percentile tax bill reaching $1,046. At the 90th percentile, the tax bill can be as high as $1,673. The highest median tax bill recorded in the area is $566, which is relatively modest compared to the national median property tax rate of 0.99%. This variability in tax bills can affect homeowners differently, potentially impacting their financial planning and overall cost of homeownership.
Average Parrott Tax Bill
$566
Average Webster County Tax Bill
$460
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Parrott, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 39877 | $151 | $270 | $566 | $1,046 | $1,673 |
Source: Ownwell