Nashville, Georgia Property Taxes
The median property tax rate in Nashville, 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 Nashville, the typical annual property tax bill reaches $1,198, which is below the national median of $2,690. Property taxes in Nashville 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 Nashville'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 Nashville 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
Nashville, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,572
$1,527
Ownwell’s Nashville Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Nashville. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Nashville to provide an accurate estimate of your property tax bill. This valuable insight helps you understand your potential tax liabilities, making it easier to plan your finances. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is crucial for these calculations and will include any applicable exemptions.
Property Tax Rates Across Nashville, Georgia
Property taxes in Nashville, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nashville is 1.19%, significantly higher than the U.S. national median of 0.99%. Local government entities within Nashville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nashville 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 Nashville's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31639 zip code has the highest median property tax rate of 1.19%, while the lowest median tax rate is also 1.19%. Understanding how these cities compare with Nashville provides valuable insights into the varying tax landscape across Lanier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nashville Tax Rate
1.19%
Average Lanier County Tax Rate
1.27%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nashville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31639 | 0.87% | 0.99% | 1.19% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Nashville, Georgia
In Nashville, 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 Lanier 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. The median home price in Nashville is $132,100, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $860, while the 75th percentile tax bill is $1,951, and the 90th percentile tax bill reaches $2,355. The highest and lowest median tax bills are both $1,198, found in zip code 31639. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Nashville Assessed Value
$132,100
Average Lanier County Assessed Value
$72,982
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nashville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31639 | $29,506 | $67,700 | $132,100 | $159,500 | $213,892 |
Source: Ownwell
Property Tax Bills Across Nashville, Georgia
In Nashville, Lanier County, GA, property tax bills are calculated based on the assessed value of a home, which is determined by the county tax assessor. The assessed value is typically a percentage of the property's market value. Homeowners in this region experience varying tax bills, with the 25th percentile paying around $860 and the 75th percentile paying up to $1951 annually. At the 90th percentile, the tax bill can reach as high as $2355. These figures are influenced by multiple factors, including the home's location, size, and any applicable exemptions. For instance, Lanier County's median home price is $132,100, which provides a baseline for the assessed value. Compared to the national median property tax rate of 0.99%, the rates in Nashville can significantly impact homeowners' annual expenses. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly, ensuring they are not caught off guard by their property tax bills.
Average Nashville Tax Bill
$1,198
Average Lanier County Tax Bill
$989
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Nashville, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31639 | $375 | $860 | $1,198 | $1,951 | $2,355 |
Source: Ownwell