Fairmount, Georgia Property Taxes
The median property tax rate in Fairmount, GA is 0.74%, considerably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Fairmount, the typical annual property tax bill reaches $1,311, significantly below the national median of $2,690. Property taxes in Fairmount are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fairmount's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Fairmount or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fairmount, 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 Fairmount Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fairmount with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fairmount 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 Fairmount, Georgia
Property taxes in Fairmount, Georgia, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Fairmount is 0.74%, which is lower than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Fairmount set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fairmount 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 Fairmount's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30139 has the highest median property tax rate of 0.74%, while also having the lowest median tax rate of 0.74%. Understanding how these cities compare with Fairmount provides valuable insights into the varying tax landscape across Bartow County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fairmount Tax Rate
0.74%
Average Bartow County Tax Rate
0.84%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fairmount, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30139 | 0.17% | 0.37% | 0.74% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Fairmount, Georgia
In Fairmount, 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 Bartow 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 Fairmount, 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. For instance, the median home price in Fairmount is $249,730. Understanding these valuation concepts helps property owners navigate their tax responsibilities and comprehend how their property taxes are determined. By being aware of these processes, residents can identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively. Notably, the zip code 30139 has both the highest and lowest median tax bill at $1,311.
Average Fairmount Assessed Value
$249,730
Average Bartow County Assessed Value
$266,588
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fairmount, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30139 | $77,951 | $125,792 | $249,730 | $359,672 | $498,246 |
Source: Ownwell
Property Tax Bills Across Fairmount, Georgia
In Fairmount, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is typically a percentage of the property's market value, reflecting its worth on the open market. The median home price in Fairmount is $249,730. Local tax rates are then applied to this assessed value to calculate the annual tax bill. Homeowners in Fairmount can expect varying property tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $597, while the 75th percentile tax bill reaches approximately $2,670. At the higher end, the 90th percentile tax bill can be as much as $3,461. These figures highlight the range of property tax obligations within the city. Compared to the national median property tax rate of 0.99%, Fairmount's property taxes can be a significant expense for homeowners, affecting their overall cost of living and financial planning.
Average Fairmount Tax Bill
$1,311
Average Bartow County Tax Bill
$2,073
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Fairmount, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30139 | $259 | $597 | $1,311 | $2,670 | $3,461 |
Source: Ownwell