Banks County, Georgia Property Taxes
Median Banks County effective property tax rate: 0.79%, significantly lower than the national median of 1.02%.
Median Banks County home value: $198,598
Median annual Banks County tax bill: $1,442, $958 lower than the national median property tax bill of $2,400.
How are property taxes in Banks County calculated?
Property taxes in Banks County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Homer or another part of Banks County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Banks County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$1,569
$1,456
Property Tax Rates Across Banks County, Georgia
Local government entities in Georgia set tax rates, which can vary widely within the state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Banks County's effective property tax rate to other counties in Georgia or the U.S. median property tax rate. Banks County has a median property tax rate of 0.79%, which is lower than the national median of 1.02%. Within Georgia, the highest median tax rate is found in Danielsville at 0.84%, while the lowest is in Carnesville at 0.72%. This variation highlights the importance of understanding local tax rates, as they directly impact the amount you pay in property taxes. By staying informed and considering appealing your property tax assessment, you can potentially reduce your tax bill and ensure you're not overpaying.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Banks County Tax Rate
0.79%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Georgia Tax Rate
1.08%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Banks County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alto | 0.27% | 0.50% | 0.78% | 0.90% | 0.99% |
| Baldwin | 0.34% | 0.58% | 0.77% | 0.91% | 0.98% |
| Carnesville | 0.24% | 0.43% | 0.72% | 0.87% | 0.96% |
| Commerce | 0.34% | 0.59% | 0.80% | 0.87% | 0.95% |
| Danielsville | 0.40% | 0.52% | 0.84% | 0.85% | 0.93% |
| Gillsville | 0.36% | 0.58% | 0.77% | 0.90% | 0.96% |
| Homer | 0.33% | 0.58% | 0.78% | 0.86% | 0.95% |
| Lula | 0.41% | 0.61% | 0.80% | 0.90% | 0.99% |
| Maysville | 0.38% | 0.60% | 0.82% | 0.92% | 1.05% |
| Toccoa | 0.20% | 0.47% | 0.82% | 0.88% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Banks County, Georgia
When examining property taxes in Banks County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Banks County Board of Assessors estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Banks County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Banks County.
For example, the median tax bill in Banks County is $1,600, with tax bills ranging significantly across the county. Gillsville has the highest median home price at $213,936.
Median Banks County Market Value
$198,598
Median Georgia Market Value
$231,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Banks County, Georgia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alto | $53,699 | $81,512 | $147,721 | $261,865 | $411,048 |
| Baldwin | $82,504 | $121,091 | $187,482 | $286,338 | $412,694 |
| Carnesville | $73,552 | $126,650 | $212,080 | $291,670 | $411,265 |
| Commerce | $60,563 | $99,553 | $200,920 | $293,168 | $412,967 |
| Danielsville | $53,674 | $94,065 | $119,556 | $229,939 | $326,141 |
| Gillsville | $76,703 | $127,450 | $213,936 | $303,867 | $440,912 |
| Homer | $78,435 | $123,887 | $212,454 | $322,698 | $472,130 |
| Lula | $75,322 | $125,106 | $213,370 | $272,014 | $399,374 |
| Maysville | $76,769 | $122,915 | $196,907 | $288,685 | $416,862 |
| Toccoa | $69,051 | $95,495 | $144,521 | $314,618 | $451,672 |
Source: Ownwell
Property Tax Bills Across Banks County, Georgia
Median Banks County Tax Bill
$1,442
Median Georgia Tax Bill
$2,212
Median United States Tax Bill
$2,400
Property Tax Bills Across Banks County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alto | $223 | $491 | $999 | $1,900 | $2,881 |
| Baldwin | $416 | $799 | $1,355 | $2,198 | $3,125 |
| Carnesville | $333 | $702 | $1,277 | $1,999 | $3,122 |
| Commerce | $318 | $627 | $1,478 | $2,265 | $3,089 |
| Danielsville | $362 | $369 | $1,005 | $2,290 | $2,733 |
| Gillsville | $409 | $809 | $1,574 | $2,367 | $3,084 |
| Homer | $363 | $822 | $1,495 | $2,320 | $3,450 |
| Lula | $391 | $872 | $1,600 | $2,225 | $2,874 |
| Maysville | $448 | $858 | $1,517 | $2,189 | $3,016 |
| Toccoa | $197 | $584 | $1,009 | $1,676 | $3,718 |
Source: Ownwell