Homer, Banks County, Georgia Property Taxes
The median property tax rate in Homer, GA is 0.78%, which is notably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Homer at $212,454, the typical annual property tax bill amounts to $1,495, significantly below the national median of $2,690. Property taxes in Homer are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Homer'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 Homer 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
Homer, Banks County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$1,657
$1,538
Ownwell’s Homer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Homer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Homer 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 Homer, Banks County, Georgia
Property taxes in Homer, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Homer is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Homer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Homer 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 Homer's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30547 has both the highest and lowest median property tax rate of 0.78%. Understanding how these areas compare with Homer provides valuable insights into the varying tax landscape across Banks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Homer Tax Rate
0.78%
Average Banks County Tax Rate
0.79%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Homer, Banks County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30547 | 0.33% | 0.58% | 0.78% | 0.86% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Homer, Banks County, Georgia
In Homer, 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 Banks 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 Homer, 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. The zip code with the highest median tax bill is 30547 at $1,495, while the lowest is also 30547 at $1,495. Being aware of these valuation processes in Homer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Homer, Banks County, Georgia
Source: Ownwell
$119,556
$168,092
$216,628
Average Homer Assessed Value
$212,454
Average Banks County Assessed Value
$198,598
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Homer, Banks County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30547 | $78,435 | $123,887 | $212,454 | $322,698 | $472,130 |
Source: Ownwell
Property Tax Bills Across Homer, Banks County, Georgia
In Homer, located in Banks County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in this area is approximately $212,454. Homeowners can expect a range of property tax bills, with the 25th percentile at around $822 and the 75th percentile reaching up to $2,320. For those in the 90th percentile, tax bills can soar to $3,450. Several factors influence the final tax bill, including the local tax rate and any applicable exemptions. The local tax rate is applied to the assessed value to determine the amount owed. Compared to the national median property tax rate of 0.99%, the tax rates in Homer may vary, impacting the overall financial burden on homeowners. Understanding these factors is crucial for homeowners as property taxes can significantly affect annual household budgets.
Average Homer Tax Bill
$1,495
Average Banks County Tax Bill
$1,442
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Homer, Banks County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30547 | $363 | $822 | $1,495 | $2,320 | $3,450 |
Source: Ownwell