Rome, Georgia Property Taxes
The median property tax rate in Rome, GA is 1.19%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Rome at $140,914, the typical annual property tax bill reaches $1,504, which is below the national median of $2,690. Property taxes in Rome 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 Rome'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 Rome 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
Rome, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,677
$1,629
Ownwell’s Rome Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rome with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rome 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 Rome, Georgia
Property taxes in Rome, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rome is 1.19%, which is higher than the U.S. national median of 0.99%. Local government entities within Rome set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rome 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 Rome's effective property tax rate to other areas in Floyd County and the national median. For comparison, the zip code 30161 has the highest median property tax rate of 1.22%, while the zip code 30165 has the lowest median tax rate of 1.19%. Understanding how these cities compare with Rome provides valuable insights into the varying tax landscape across Floyd County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rome Tax Rate
1.19%
Average Floyd County Tax Rate
1.19%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rome, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30161 | 0.38% | 0.78% | 1.22% | 1.57% | 1.74% |
| 30165 | 0.40% | 0.79% | 1.19% | 1.52% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Rome, Georgia
In Rome, 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 Floyd 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. 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 Rome helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Rome, the median home price is $140,914. The zip code with the highest median tax bill is 30165 at $1,673, while 30161 has the lowest median tax bill at $1,319.
Average Rome Assessed Value
$140,914
Average Floyd County Assessed Value
$141,916
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rome, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30161 | $39,240 | $67,333 | $124,871 | $226,433 | $364,329 |
| 30165 | $62,604 | $98,641 | $152,556 | $224,447 | $335,016 |
Source: Ownwell
Property Tax Bills Across Rome, Georgia
In Rome, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Rome is $140,914. Property taxes are determined by applying the local tax rate to the assessed value. For example, the median tax bill in Rome ranges from $797 at the 25th percentile to $2,599 at the 75th percentile, with the 90th percentile reaching as high as $4,083. Factors such as property location, improvements, and exemptions can influence the final tax bill. Homeowners in the 30165 ZIP code experience the highest median tax bill of $1,673, while those in the 30161 ZIP code have the lowest median tax bill at $1,319. Compared to the national median property tax rate of 0.99%, Rome’s property tax rates offer a significant range, impacting homeowners differently based on their property’s assessed value and location within the city.
Average Rome Tax Bill
$1,504
Average Floyd County Tax Bill
$1,460
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Rome, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30161 | $290 | $691 | $1,319 | $2,455 | $4,238 |
| 30165 | $390 | $920 | $1,673 | $2,702 | $3,923 |
Source: Ownwell