Average Tax Assessment in Talbot County
Real Estate Values and Property Tax Valuation in Talbot County, Georgia
Talbot County has a total of 2,638 properties with a cumulative value of $278.0M. This accounts for 0.03% of all real estate value in Georgia. Property taxes in Talbot County totaled $3.5M, with the average homeowner paying $1,323 in property taxes, which is significantly lower than the state average of $2,360. The average property tax rate in Talbot County is 1.25%, while the state average is 1.00%. Properties are valued for tax purposes based on their fair market value.
The property tax timeline in Georgia begins on January 1st, when the property values are assessed. Property value notices are then issued between April and July, and property owners have 30 to 45 days after the notices are mailed to file an appeal. Finally, property tax bills are issued on September 1st.
Updated November 01, 2023
| Important Links | |
|---|---|
| Talbot Assessor | (706) 665-3377 |
| Talbot Assessor | (410) 819-5920 |
| Talbot Clerk of Court | (706) 665-3239 |
| Talbot Clerk of the Circuit Court | (410) 822-2611 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - July |
| Property Tax Appeal Deadline: | 30 to 45 days after notices mailed |
| Property Tax Bills Issued: | September 1st |
| Real Property Tax Bill Due (1st of #): | May - December, Varies by jurisdiction, Fulton County - October 15th |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Not Available |
| Charitable | Available |
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Real Estate Statistics in Talbot County
Residential Property Taxes by Cities in Talbot County
Talbot County has an average property tax rate of 1.25%, which is slightly lower than the state average of 1.3%. This rate is applied to all properties in the county, regardless of location. However, the effective property tax rate can vary significantly from city to city. For example, Talbotton has the highest effective property tax rate at 1.29%, while Shiloh has the lowest effective property tax rate at 1.2%. This means that property owners in Talbotton will pay more in taxes than those in Shiloh.
Overall, Talbot County has a relatively low property tax rate compared to other counties in the state. However, the effective rate can vary significantly from city to city, so it is important for property owners to be aware of the rate in their city. Knowing the effective rate can help property owners make informed decisions about their taxes and budget accordingly.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Talbot County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Box Springs | $17,184 | $32,795 | $79,627 | $150,907 | $221,881 |
| Shiloh | $17,261 | $26,354 | $49,372 | $108,374 | $186,725 |
| Talbotton | $11,645 | $23,408 | $49,031 | $117,203 | $218,030 |
| Woodland | $14,808 | $32,456 | $77,466 | $160,270 | $268,073 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Talbot County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Box Springs | $207 | $403 | $957 | $1,827 | $2,701 |
| Shiloh | $208 | $317 | $594 | $1,303 | $2,245 |
| Talbotton | $150 | $327 | $679 | $1,585 | $2,686 |
| Woodland | $230 | $468 | $1,093 | $1,968 | $3,343 |
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Box Springs | 1.20% | 1.23% | 1.20% | 1.21% | 1.22% |
| Shiloh | 1.21% | 1.20% | 1.20% | 1.20% | 1.20% |
| Talbotton | 1.29% | 1.40% | 1.38% | 1.35% | 1.23% |
| Woodland | 1.55% | 1.44% | 1.41% | 1.23% | 1.25% |
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Real Estate Values in Talbot County
The data from Redfin indicates that the median home price in Talbot County in October 2023 was $55.0K. However, there is no data available for October 2022, so it is not possible to determine the change in home price from October 2022 to October 2023. The home inventory in Talbot County in October 2023 was 4, which is half of the home inventory in October 2022, indicating a decrease in the number of homes available for sale. This suggests that the demand for homes in Talbot County is increasing, which could lead to an increase in home prices in the future.
Average Home Value in Talbot County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Talbot County
Last updated: November 2023
Percent Change in New Home Listings in Talbot County
Last updated: November 2023
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Mortgage Rates in Talbot County
Talbot County has a total of 292 outstanding home mortgage loans, totaling $35.8M. This represents a significant portion of the total home value in the county, indicating that many residents are taking advantage of the current low mortgage rates. The median mortgage rate in Talbot County varies across cities, with Talbotton having the highest median rate of 4.42%, and Shiloh having the lowest rate of 4.11%. This variation in rates across cities provides residents with the opportunity to shop around for the best rate and terms for their mortgage loan. With the current low interest rates, now is a great time for residents of Talbot County to consider taking out a mortgage loan.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Talbot County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Box Springs | $29,588 | $81,852 | $112,592 | $167,371 | $223,680 |
| Shiloh | $51,686 | $73,350 | $104,769 | $189,878 | $234,111 |
| Talbotton | $15,346 | $33,983 | $70,138 | $149,412 | $228,749 |
| Woodland | $36,245 | $51,398 | $103,626 | $155,709 | $258,686 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Talbot County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Box Springs | 3.07% | 3.50% | 4.23% | 4.80% | 6.28% |
| Shiloh | 2.80% | 3.48% | 4.11% | 4.54% | 5.15% |
| Talbotton | 2.91% | 3.85% | 4.42% | 5.59% | 6.36% |
| Woodland | 2.80% | 3.50% | 4.16% | 4.80% | 6.38% |
Housing Expenses in Talbot County, Georgia
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