Barney, Georgia Property Taxes
The median property tax rate in Barney, GA is 1.04%, slightly higher than the national median of 0.99% but lower than the Georgia state median of 1.08%. With the median home value in Barney at $162,185, the typical annual property tax bill amounts to $1,619, which is below the national median of $2,690. Property taxes in Barney are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Barney'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 Barney 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
Barney, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$1,687
$1,638
Ownwell’s Barney Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barney with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barney 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 Barney, Georgia
Property taxes in Barney, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barney is 1.04%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Barney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barney 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 Barney's effective property tax rate to other counties in Georgia and the national median. For comparison, the 31625 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Barney provides valuable insights into the varying tax landscape across Brooks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barney Tax Rate
1.04%
Average Brooks County Tax Rate
1.04%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barney, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31625 | 0.97% | 1.02% | 1.04% | 1.06% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Barney, Georgia
In Barney, 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 Brooks 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 Barney, 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 Barney helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 31625, where the median tax bill is $1,619.
Average Barney Assessed Value
$162,185
Average Brooks County Assessed Value
$119,130
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barney, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31625 | $40,509 | $77,675 | $162,185 | $296,458 | $566,362 |
Source: Ownwell
Property Tax Bills Across Barney, Georgia
In Barney, located in Brooks County, GA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county tax assessor and typically represents a percentage of the property's market value. For instance, if the median home price in Barney is $162,185, the assessed value would be a fraction of this amount, depending on local assessment rates. Several factors influence the final tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions. The tax rate in Barney is applied to the assessed value to determine the annual property tax bill. For example, homeowners in the 25th percentile pay around $767, while those in the 75th percentile face bills of approximately $3,075. At the 90th percentile, the tax bill can reach up to $5,949. Compared to the national median property tax rate of 0.99%, homeowners in Barney may find their tax bills vary significantly, impacting their overall financial planning and homeownership costs.
Average Barney Tax Bill
$1,619
Average Brooks County Tax Bill
$1,212
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Barney, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31625 | $446 | $767 | $1,619 | $3,075 | $5,949 |
Source: Ownwell