Average Tax Assessment in Terrell County
Real Estate Values and Property Tax Valuation in Terrell County, Georgia
Terrell County has a total of 3,919 properties with a cumulative value of $403.3M, representing 0.05% of all real estate value in Georgia. The county collected $5.2M in property taxes across these properties, with an average homeowner paying $1,335 in property taxes compared to the state average of $2,360. The average property tax rate in Terrell County is 1.29%, higher than the state average of 1.00%. Property taxes are calculated based on the assessed value of the property, which is typically lower than the 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 | |
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Terrell Appraisal District | (432) 345-2251 |
Terrell Clerk | (432) 345-2391 |
TexasFile Clerk Records | - |
Terrell Assessor | (229) 995-5210 |
Important Dates | |
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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 | |
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Senior | Available |
Disabled | Available |
Homestead | Available |
Veteran | Available |
Solar/Wind | Not Available |
Charitable | Available |
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Real Estate Statistics in Terrell County
Residential Property Taxes by Cities in Terrell County
Terrell County has an average property tax rate of 1.29%, which is slightly lower than the state average of 1.3%. This rate is applied to all properties in the county, regardless of the city in which they are located. However, the effective property tax rate can vary significantly between cities. For example, Bronwood has the highest effective property tax rate in the county at 1.32%, while Dawson has the lowest at 1.3%. This means that property owners in Bronwood will pay slightly more in taxes than those in Dawson. Overall, Terrell County has a relatively low property tax rate compared to other counties in the state, making it an attractive option for those looking to purchase a home or invest in real estate.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Terrell 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.
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Terrell County.
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.
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Real Estate Values in Terrell County
The median home price in Terrell County in October 2023 is currently unavailable. However, the current home inventory in Terrell County is 2, which indicates that the housing market in the area is relatively tight. This suggests that home prices in the area may be increasing in the near future.
Average Home Value in Terrell County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Terrell County
Last updated: November 2023
Percent Change in New Home Listings in Terrell County
Last updated: November 2023
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Mortgage Rates in Terrell County
Terrell County has a total of $36.6M in outstanding home mortgage loans, representing 356 individual loans. This amount is equivalent to approximately 8.3% of the total home value in the county. The median mortgage rate in Terrell County varies across cities, with Dawson having the highest rate of 4.21% and Bronwood having the lowest rate of 4.17%. This variation in rates across cities indicates that potential homebuyers should shop around to find the best rate for their needs.
Overall, the mortgage market in Terrell County is healthy, with a total of $36.6M in outstanding loans and a relatively low percentage of total home value. Homebuyers should take advantage of the competitive rates available in the county and shop around to find the best rate for their needs.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Terrell County by city.
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Terrell County.
Housing Expenses in Terrell County, Georgia
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