Bowman, Georgia Property Taxes
The median property tax rate in Bowman, GA is 0.94%, slightly below both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Bowman at $92,038, the typical annual property tax bill is $818, which is significantly lower than the national median of $2,690. Property taxes in Bowman are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bowman'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 Bowman 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
Bowman, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$865
$803
Ownwell’s Bowman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bowman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bowman 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 Bowman, Georgia
Property taxes in Bowman, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bowman is 0.94%, which is slightly below the U.S. national median of 0.99%. Local government entities within Bowman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bowman 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 Bowman's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 30624 in Bowman has both the highest and lowest median property tax rate at 0.94%. Understanding how these figures compare with Bowman provides valuable insights into the varying tax landscape across Elbert County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bowman Tax Rate
0.94%
Average Elbert County Tax Rate
0.94%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bowman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30624 | 0.66% | 0.83% | 0.94% | 0.98% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Bowman, Georgia
In Bowman, 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 Elbert 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 Bowman, 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. The median home price in Bowman stands at $92,038, with property tax bills ranging from $357 at the 25th percentile to $2,239 at the 90th percentile. The highest and lowest median tax bills are both $818, found in the 30624 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these processes in Bowman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bowman Assessed Value
$92,038
Average Elbert County Assessed Value
$94,830
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bowman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30624 | $12,257 | $28,773 | $92,038 | $155,657 | $245,993 |
Source: Ownwell
Property Tax Bills Across Bowman, Georgia
In Bowman, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. Homeowners in Bowman, located in Elbert County, GA, can expect their property tax bills to be influenced by several factors, including the property's assessed value, the local tax rate, and any applicable exemptions. The median home price in Bowman is $92,038. For a property at this value, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $357, while those at the 75th percentile could see bills as high as $1,403. For the top 10% of properties, tax bills can reach up to $2,239. The median tax bill in the area is noted to be $818, which is relatively modest compared to the national median property tax rate of 0.99%. These property taxes fund essential community services, including schools, public safety, and infrastructure. Therefore, understanding how these taxes are calculated can help homeowners budget effectively and take advantage of any available exemptions to reduce their tax burden.
Average Bowman Tax Bill
$818
Average Elbert County Tax Bill
$853
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Bowman, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30624 | $150 | $357 | $818 | $1,403 | $2,239 |
Source: Ownwell