Resaca, Whitfield County, Georgia Property Taxes
The median property tax rate in Resaca, GA is 0.74%, which is notably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $87,651 in Resaca, the typical annual property tax bill is around $492, considerably less than the national median of $2,690. Property taxes in Resaca are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Resaca'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 Resaca or another part of Whitfield County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Resaca, Whitfield County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$649
$602
Ownwell’s Resaca Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Resaca with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Resaca 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 Resaca, Whitfield County, Georgia
Property taxes in Resaca, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Resaca is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Resaca set these rates annually, and they can vary significantly across different neighborhoods. Each year, Resaca 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 Resaca's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30735 zip code has both the highest and lowest median property tax rate of 0.74%. Understanding how these cities compare with Resaca provides valuable insights into the varying tax landscape across Whitfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Resaca Tax Rate
0.74%
Average Whitfield County Tax Rate
0.85%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Resaca, Whitfield County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30735 | 0.11% | 0.37% | 0.74% | 1.10% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Resaca, Whitfield County, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Resaca, Georgia. 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 Whitfield 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 Resaca, 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 Resaca helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in the area is $492.00 in the 30735 zip code, while the lowest median tax bill is also $492.00 in the same zip code.
Property Tax Assessment Values Across Resaca, Whitfield County, Georgia
Source: Ownwell
$87,651
$142,739
$197,827
Average Resaca Assessed Value
$87,651
Average Whitfield County Assessed Value
$133,534
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Resaca, Whitfield County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30735 | $14,985 | $31,426 | $87,651 | $130,087 | $198,610 |
Source: Ownwell
Property Tax Bills Across Resaca, Whitfield County, Georgia
In Resaca, Whitfield County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Resaca can expect their property tax bill to vary depending on several factors, including the assessed value of their property and the local tax rate. For instance, the median home price in Resaca is $87,651, which serves as a baseline for determining the assessed value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. In Resaca, the 25th percentile tax bill is approximately $259, while the 75th percentile tax bill is around $1,026. For those at the 90th percentile, the tax bill can reach up to $1,725. These variations illustrate how different property values and specific local tax rates can impact homeowners. Compared to the national median property tax rate of 0.99%, Resaca’s rates offer a perspective on how local conditions influence overall tax obligations.
Average Resaca Tax Bill
$492
Average Whitfield County Tax Bill
$1,112
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Resaca, Whitfield County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30735 | $98 | $259 | $492 | $1,026 | $1,725 |
Source: Ownwell