Average Tax Assessment in Thomas County
Real Estate Values and Property Tax Valuation in Thomas County, Georgia
Thomas County has a total of 15,771 properties, with a cumulative value of $2.7B. This represents 0.34% of all real estate value in Georgia. Property taxes in Thomas County totaled $19.5M, with an average of $1,234 paid by homeowners, which is significantly lower than the state average of $2,360. The average property tax rate in Thomas County is 0.71%, 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 | |
|---|---|
| Thomas Assessor | (229) 225-4133 |
| Thomas Appraiser | (785) 460-4525 |
| Thomas Assessor | (308) 645-2261 |
| Thomas Clerk of Court | (229) 225-4108 |
| 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 Thomas County
Residential Property Taxes by Cities in Thomas County
Thomas County has an average property tax rate of 0.71%, which is slightly lower than the national average of 1.07%. This rate is applied to the assessed value of a property to calculate the annual property tax bill. On average, Thomas County homeowners pay $1,234 in property taxes each year.
Property tax rates in Thomas County vary across the cities. Ochlocknee has the highest effective property tax rate at 0.82%, while Boston has the lowest at 0.64%. This means that homeowners in Ochlocknee pay more in property taxes than those in Boston. However, the difference in property tax rates between the two cities is relatively small.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Thomas 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 |
|---|---|---|---|---|---|
| Boston | $20,746 | $46,353 | $94,440 | $185,265 | $344,631 |
| Coolidge | $20,332 | $42,547 | $86,408 | $186,588 | $305,237 |
| Meigs | $16,861 | $28,590 | $52,295 | $135,112 | $305,521 |
| Ochlocknee | $27,980 | $49,482 | $116,050 | $214,780 | $326,764 |
| Pavo | $33,405 | $54,166 | $97,400 | $186,203 | $301,899 |
| Thomasville | $26,896 | $57,490 | $116,502 | $195,628 | $327,517 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Thomas County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boston | $175 | $402 | $893 | $1,620 | $2,630 |
| Coolidge | $166 | $372 | $777 | $1,538 | $2,504 |
| Meigs | $109 | $255 | $483 | $1,135 | $2,490 |
| Ochlocknee | $229 | $449 | $964 | $1,933 | $2,700 |
| Pavo | $261 | $485 | $861 | $1,577 | $2,445 |
| Thomasville | $120 | $268 | $654 | $1,555 | $2,739 |
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 |
|---|---|---|---|---|---|
| Boston | 0.84% | 0.87% | 0.95% | 0.87% | 0.76% |
| Coolidge | 0.82% | 0.87% | 0.90% | 0.82% | 0.82% |
| Meigs | 0.65% | 0.89% | 0.92% | 0.84% | 0.82% |
| Ochlocknee | 0.82% | 0.91% | 0.83% | 0.90% | 0.83% |
| Pavo | 0.78% | 0.90% | 0.88% | 0.85% | 0.81% |
| Thomasville | 0.45% | 0.47% | 0.56% | 0.79% | 0.84% |
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Real Estate Values in Thomas County
The data from Redfin shows that the median home price in Thomas County has increased significantly from October 2022 to October 2023, with a 280.15% increase. This indicates that the housing market in Thomas County is booming, with home prices rising rapidly. Additionally, the home inventory in Thomas County has also increased significantly, from 9 in October 2022 to 122 in October 2023, indicating that there is a greater availability of homes in the area. This suggests that the housing market in Thomas County is becoming increasingly attractive to potential buyers.
Average Home Value in Thomas County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Thomas County
Last updated: November 2023
Percent Change in New Home Listings in Thomas County
Last updated: November 2023
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Mortgage Rates in Thomas County
Thomas County is home to a large number of outstanding home mortgages, totaling $509.0M across 3.5K loans. This represents a significant portion of the total home value in the county, and demonstrates the importance of mortgages in the local economy.
The median mortgage rate in Thomas County varies across cities, ranging from 3.79% in Coolidge to 4.17% in Meigs. This difference of 0.38% may not seem like much, but it can make a big difference in the total cost of a loan over the long term. As such, it is important for potential borrowers to shop around and compare rates to ensure they get the best deal possible.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Thomas County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boston | $35,693 | $76,051 | $120,933 | $163,664 | $247,412 |
| Coolidge | $45,745 | $61,670 | $103,377 | $137,730 | $218,180 |
| Meigs | $28,030 | $35,296 | $132,398 | $196,690 | $249,669 |
| Ochlocknee | $49,042 | $87,573 | $126,077 | $189,491 | $249,680 |
| Pavo | $44,918 | $63,332 | $96,194 | $128,443 | $162,095 |
| Thomasville | $48,368 | $82,445 | $125,376 | $184,982 | $256,784 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Thomas County.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boston | 2.80% | 3.48% | 3.98% | 4.60% | 6.13% |
| Coolidge | 2.80% | 3.13% | 3.79% | 4.65% | 6.19% |
| Meigs | 2.90% | 3.53% | 4.17% | 5.03% | 6.17% |
| Ochlocknee | 2.90% | 3.39% | 3.93% | 4.82% | 6.19% |
| Pavo | 2.87% | 3.42% | 3.90% | 4.57% | 6.10% |
| Thomasville | 2.90% | 3.40% | 3.96% | 4.62% | 6.11% |
Housing Expenses in Thomas County, Georgia
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