Pitts, Wilcox County, Georgia Property Taxes
The median property tax rate in Pitts, Georgia is 1.17%, which is higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Pitts, the typical annual property tax bill reaches $696, significantly lower than the national median of $2,690. Property taxes in Pitts are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pitts' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pitts or another part of Wilcox County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pitts, Wilcox County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$719
$667
Ownwell’s PITTS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PITTS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PITTS 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 Pitts, Wilcox County, Georgia
Property taxes in Pitts, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pitts is 1.17%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pitts set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pitts 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 Pitts' effective property tax rate to other counties in Georgia and the national median. For comparison, the 31072 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Pitts 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 Pitts 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 Pitts, Wilcox County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31072 | 0.67% | 0.96% | 1.17% | 1.24% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Pitts, Wilcox County, Georgia
In PITTS, 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 PITTS, 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 PITTS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 31072 has the highest and lowest median tax bill at $696.
Property Tax Assessment Values Across Pitts, Wilcox County, Georgia
Source: Ownwell
$23,418
$57,739
$92,060
Average Pitts Assessed Value
$61,412
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 Pitts, Wilcox County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31072 | $15,666 | $28,957 | $61,412 | $126,220 | $219,726 |
Source: Ownwell
Property Tax Bills Across Pitts, Wilcox County, Georgia
In Pitts, Georgia, property tax bills are calculated based on the assessed value of a home, which is determined by the Wilcox County tax assessor. The assessed value is typically a percentage of the property's market value. For instance, if a home in Pitts has a median market value of $61,412, the assessed value would be a fraction of this amount, depending on local assessment ratios. The property tax rate, or millage rate, is then applied to the assessed value to determine the annual tax bill. Factors like property improvements, neighborhood changes, and market trends can influence the assessed value, thereby affecting the tax bill. Homeowners in Pitts can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is approximately $324, while the 75th percentile tax bill reaches around $1,368. At the higher end, the 90th percentile tax bill can be as much as $2,180. These variations highlight the importance of understanding how local assessments and tax rates impact overall property tax obligations.
Average Pitts Tax Bill
$696
Average Wilcox County Tax Bill
$650
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Pitts, Wilcox County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31072 | $179 | $324 | $696 | $1,368 | $2,180 |
Source: Ownwell