Newnan, Georgia Property Taxes
The median property tax rate in Newnan, GA is 0.80%, which is notably lower than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value in Newnan of $307,895, the typical annual property tax bill is $2,266, falling below the national median of $2,690. Property taxes in Newnan are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Newnan's property tax system, exploring available exemptions, and identifying potential reductions can result in substantial annual savings. Whether you're in the heart of Newnan or another part of Coweta County, being well-versed in the local property tax system will benefit both homeowners and real estate investors alike.
Last Updated June 14, 2024
Newnan, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$2,463
$2,286
Ownwell’s Newnan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newnan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newnan 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 Newnan, Georgia
Property taxes in Newnan, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newnan is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Newnan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newnan 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 Newnan's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30263 zip code has the highest median property tax rate of 0.80%, while the 30265 zip code has the lowest median tax rate of 0.79%. Understanding how these cities compare with Newnan provides valuable insights into the varying tax landscape across Coweta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newnan Tax Rate
0.80%
Average Coweta County Tax Rate
0.80%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newnan, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30263 | 0.24% | 0.62% | 0.80% | 0.91% | 0.93% |
| 30265 | 0.32% | 0.68% | 0.79% | 0.91% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Newnan, Georgia
In Newnan, 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 Coweta 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 Newnan, 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 Newnan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Newnan is found in the 30265 zip code at $2,660, while the lowest is in the 30263 zip code at $1,889.
Average Newnan Assessed Value
$307,895
Average Coweta County Assessed Value
$319,991
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newnan, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30263 | $102,329 | $171,507 | $266,619 | $382,260 | $528,747 |
| 30265 | $238,044 | $286,150 | $342,792 | $420,750 | $559,574 |
Source: Ownwell
Property Tax Bills Across Newnan, Georgia
In Newnan, located in Coweta County, GA, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the property's market value. Once the assessed value is determined, local tax rates, or millage rates, are applied to calculate the annual tax bill. Factors such as property location, home improvements, and exemptions can influence the assessed value and, consequently, the tax bill. For homeowners in Newnan, the median home price stands at $307,895. Tax bills can vary significantly, with the 25th percentile at $1,264 and the 75th percentile at $3,170. At the higher end, the 90th percentile tax bill reaches $4,366. The highest median tax bill in the area is $2,660 in the 30265 ZIP code, while the lowest is $1,889 in the 30263 ZIP code. Compared to the national median property tax rate of 0.99%, Newnan's tax rates can have a substantial impact on homeowners' annual expenses, making it essential to understand how these factors contribute to the overall tax bill.
Average Newnan Tax Bill
$2,266
Average Coweta County Tax Bill
$2,379
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Newnan, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30263 | $459 | $1,001 | $1,889 | $2,972 | $4,227 |
| 30265 | $976 | $1,915 | $2,660 | $3,386 | $4,555 |
Source: Ownwell