Bremen, Georgia Property Taxes
The median property tax rate in Bremen, GA is 1.23%, considerably higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Bremen at $130,615, the typical annual property tax bill reaches $1,531, which is below the national median of $2,690. Property taxes in Bremen 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 Bremen'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 Bremen or another part of Haralson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bremen, 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 Bremen Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bremen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bremen 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 Bremen, Georgia
Property taxes in Bremen, Georgia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bremen is 1.23%, higher than both the Georgia state median of 0.92% and the U.S. national median of 0.99%. Local government entities within Bremen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bremen 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 Bremen's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30110 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Bremen provides valuable insights into the varying tax landscape across Haralson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bremen Tax Rate
1.23%
Average Haralson County Tax Rate
1.12%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bremen, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30110 | 1.12% | 1.12% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Bremen, Georgia
In Bremen, 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 Haralson County Assessor 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. For instance, the median home price in Bremen is $130,615, with tax bills ranging from $820 at the 25th percentile to $3,789 at the 90th percentile. The zip code with the highest and lowest median tax bill is 30110, both at $1,531. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bremen Assessed Value
$130,615
Average Haralson County Assessed Value
$113,800
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bremen, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30110 | $33,109 | $70,688 | $130,615 | $221,885 | $312,997 |
Source: Ownwell
Property Tax Bills Across Bremen, Georgia
In Bremen, located in Haralson County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $130,615, homeowners can expect varying tax bills depending on the specific assessed value and any applicable exemptions. Factors influencing the tax bill include the property's location within the city, any improvements made to the home, and local government budget requirements. For Bremen residents, the tax bills can range significantly. At the 25th percentile, tax bills are around $820, while they can go up to $3,789 at the 90th percentile. This variation underscores the importance of understanding how local assessments and rates impact individual tax obligations. Compared to the national median property tax rate of 0.99%, Bremen's tax rates can be considered moderate, affecting homeowners' annual financial planning and overall housing affordability.
Average Bremen Tax Bill
$1,531
Average Haralson County Tax Bill
$1,337
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Bremen, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30110 | $371 | $820 | $1,531 | $2,619 | $3,789 |
Source: Ownwell