Rome, Georgia Property Taxes
The median property tax rate in Rome, GA is 0.87%, which is lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Rome at $571,898, the typical annual property tax bill is $4,475, surpassing the national median of $2,690. Property taxes in Rome are calculated based on the tax assessed value, which usually 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
0.87%
Estimate Property Tax Bill
$4,976
$4,833
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, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rome is 0.87%, which is lower 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 counties in Georgia and the national median. For comparison, the 30161 zip code in Rome has a median property tax rate of 0.87%. Understanding how these cities compare with Rome 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 Rome Tax Rate
0.87%
Average Bartow County Tax Rate
0.84%
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 | 0.41% | 0.70% | 0.87% | 0.93% | 0.98% |
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 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 Rome, 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. For instance, the zip code 30161 has the highest and lowest median tax bill of $4,475. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rome Assessed Value
$571,898
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 Rome, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30161 | $110,565 | $242,212 | $571,898 | $688,568 | $745,854 |
Source: Ownwell
Property Tax Bills Across Rome, Georgia
In Rome, GA, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate, known as the millage rate, is then applied to this assessed value to determine the annual property tax bill. For example, with a median home price of $571,898, homeowners can expect varying tax bills depending on several factors. The tax bill for properties in the 25th percentile is around $1,757, while those in the 75th percentile pay approximately $5,460. For homes in the 90th percentile, the tax bill can reach up to $6,445. The highest median tax bill in the city, specifically in the 30161 zip code, stands at $4,475. These figures highlight the range of property tax burdens that homeowners in Rome may face, influenced by factors such as property value and local tax rates. Compared to the national median property tax rate of 0.99%, Rome's tax rates can significantly impact homeowners' annual expenses.
Average Rome Tax Bill
$4,475
Average Bartow County Tax Bill
$2,073
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 | $848 | $1,757 | $4,475 | $5,460 | $6,445 |
Source: Ownwell