Bristol, Georgia Property Taxes
The median property tax rate in Bristol, GA is 0.81%, which is notably lower than both the national median of 0.99% and Georgia's state median of 1.08%. With the median home value in Bristol at $178,410, the typical annual property tax bill amounts to $1,439, significantly below the national median of $2,690. Property taxes in Bristol are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Bristol's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bristol or another part of the city, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bristol, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$1,445
$1,341
Ownwell’s Bristol Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bristol with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bristol 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 Bristol, Georgia
Property taxes in Bristol, Georgia, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Bristol is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Bristol set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bristol 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 Bristol's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31518 has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Bristol provides valuable insights into the varying tax landscape across Bacon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bristol Tax Rate
0.81%
Average Bacon County Tax Rate
1.04%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bristol, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31518 | 0.75% | 0.77% | 0.81% | 0.95% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Bristol, Georgia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bristol, Georgia. 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 local 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 Bristol, 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 Bristol helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Bristol's highest median tax bill, $1439, and lowest median tax bill, $1439, both occur in the 31518 zip code.
Average Bristol Assessed Value
$178,410
Average Bacon County Assessed Value
$95,100
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bristol, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31518 | $177,442 | $177,805 | $178,410 | $336,516 | $431,379 |
Source: Ownwell
Property Tax Bills Across Bristol, Georgia
In Bristol, 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 final tax bill. For example, with a median home price of $178,410, homeowners can expect varying tax bills depending on specific factors such as property location and exemptions. The tax bill can range significantly, with the 25th percentile paying around $1,369, while those in the 75th percentile may see bills as high as $3,427. For the top 10% of homeowners, tax bills can reach up to $4,619. These figures indicate that while some homeowners might find their tax obligations manageable, others could face considerably higher costs. Compared to the national median property tax rate of 0.99%, the tax rates in Bristol can vary, potentially impacting homeowners' financial planning and budgeting. Understanding these factors is crucial for homeowners to anticipate their annual property tax responsibilities accurately.
Average Bristol Tax Bill
$1,439
Average Bacon County Tax Bill
$871
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Bristol, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31518 | $1,328 | $1,369 | $1,439 | $3,427 | $4,619 |
Source: Ownwell