Abbeville, Georgia Property Taxes
The median property tax rate in Abbeville, GA is 1.17%, noticeably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value in Abbeville of $57,349, the typical annual property tax bill amounts to $688, which is significantly lower than the national median of $2,690. Property taxes in Abbeville are determined 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. Navigating Abbeville’s property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Abbeville or its surrounding areas, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Abbeville, Georgia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$2,160
Ownwell’s Abbeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Abbeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Abbeville 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 Abbeville, Georgia
Property taxes in Abbeville, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Abbeville is 1.17%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Abbeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Abbeville 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 Abbeville's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31001 zip code has the highest median property tax rate of 1.17%, while the 31001 zip code has the lowest median tax rate of 1.17%. Understanding how these cities compare with Abbeville provides valuable insights into the varying tax landscape across Wilcox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Abbeville Tax Rate
1.17%
Average Wilcox County Tax Rate
1.17%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Abbeville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31001 | 0.69% | 0.93% | 1.17% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Abbeville, Georgia
In Abbeville, 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 Wilcox 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 Abbeville, 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 Abbeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 31001 has both the highest and lowest median tax bill, each at $688.
Average Abbeville Assessed Value
$57,349
Average Wilcox County Assessed Value
$55,379
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Abbeville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31001 | $12,955 | $27,286 | $57,349 | $116,090 | $217,467 |
Source: Ownwell
Property Tax Bills Across Abbeville, Georgia
Property tax bills in Abbeville, located in Wilcox County, GA, are determined by assessing the value of a property and applying the local tax rate to this assessed value. The median home price in Abbeville is $57,349. Property taxes are calculated by multiplying the assessed value of the property by the local tax rate. For homeowners, this means that properties with higher assessed values will incur higher tax bills. The tax bill also varies significantly based on specific property characteristics and exemptions that may apply. For instance, the 25th percentile of tax bills is $322, while the 75th percentile reaches $1,348, and the 90th percentile can go up to $2,263. The highest median tax bill recorded in the area is $688, which is notably lower than the national median property tax rate of 0.99%. These variations impact homeowners differently, with higher-valued properties shouldering a larger share of the tax burden. Understanding these factors can help homeowners anticipate their annual property tax obligations more accurately.
Average Abbeville Tax Bill
$688
Average Wilcox County Tax Bill
$650
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Abbeville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31001 | $170 | $322 | $688 | $1,348 | $2,263 |
Source: Ownwell