Floyd County, Georgia Property Taxes
The median property tax rate in Floyd County is 1.19%, which is significantly higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $141,916, the typical annual property tax bill in Floyd County reaches $1,460. This amount is below the national median of $2,690 but still represents a substantial expense for homeowners. Property taxes in Floyd County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Floyd County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Rome or another part of Floyd County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Floyd County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,689
$1,567
Ownwell’s Floyd County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Floyd County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Floyd County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Floyd County, Georgia
Property taxes in Floyd County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Floyd County is 1.19%, which is higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Floyd County set these rates annually, and they can vary significantly between different areas within the county. Each year, Floyd County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Floyd County's effective property tax rate with other counties in Georgia and the national median. For comparison, the city of Rome has one of the higher property tax rates in Georgia at 1.19%, while the city of Summerville boasts one of the lowest at 0.86%. Analyzing how Floyd County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Floyd County Tax Rate
1.19%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Floyd County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adairsville | 0.27% | 0.65% | 1.02% | 1.40% | 1.53% |
| Aragon | 0.27% | 0.59% | 0.90% | 1.19% | 1.52% |
| Armuchee | 0.31% | 0.61% | 0.91% | 1.36% | 1.44% |
| Calhoun | 0.23% | 0.52% | 0.88% | 1.33% | 1.44% |
| Cave Spring | 0.29% | 0.61% | 0.98% | 1.29% | 1.46% |
| Cedartown | 0.34% | 0.77% | 1.01% | 1.19% | 1.47% |
| Kingston | 0.36% | 0.63% | 0.91% | 1.19% | 1.41% |
| Lindale | 0.22% | 0.61% | 1.18% | 1.43% | 1.52% |
| Plainville | 0.34% | 0.60% | 0.89% | 1.45% | 1.56% |
| Rome | 0.39% | 0.79% | 1.19% | 1.54% | 1.72% |
| Shannon | N/A | N/A | N/A | N/A | N/A |
| Silver Creek | 0.32% | 0.65% | 0.98% | 1.40% | 1.50% |
| Summerville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Floyd County, Georgia
In Floyd County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Floyd County Appraisal District. The assessed value, however, 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. Assessment notices in Floyd County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. In Floyd County, the median home price is $141,916, with tax bills ranging from $760 at the 25th percentile to $3,896 at the 90th percentile. Summerville has the highest median tax bill at $1,948, while Lindale has the lowest at $1,040. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Floyd County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Floyd County Assessed Value
$141,916
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Floyd County, Georgia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adairsville | $46,904 | $94,826 | $149,595 | $225,129 | $347,359 |
| Aragon | $45,030 | $87,628 | $154,722 | $245,616 | $398,828 |
| Armuchee | $61,867 | $119,472 | $185,328 | $287,722 | $409,215 |
| Calhoun | $61,559 | $112,701 | $193,027 | $287,604 | $490,894 |
| Cave Spring | $54,060 | $93,027 | $148,626 | $230,980 | $348,064 |
| Cedartown | $39,744 | $53,542 | $125,218 | $222,290 | $321,451 |
| Kingston | $52,516 | $98,264 | $192,170 | $258,154 | $357,362 |
| Lindale | $41,023 | $69,984 | $112,732 | $165,928 | $236,904 |
| Plainville | $74,715 | $104,047 | $154,982 | $235,555 | $351,598 |
| Rome | $48,157 | $83,424 | $140,914 | $225,258 | $348,845 |
| Shannon | N/A | N/A | N/A | N/A | N/A |
| Silver Creek | $53,712 | $102,142 | $148,583 | $208,986 | $291,353 |
| Summerville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Floyd County, Georgia
In Floyd County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Floyd County experience a range of tax bills, reflecting the diversity in property values. The median home price stands at $141,916, with tax bills varying significantly across the board. For instance, the 25th percentile tax bill is around $760, while the 75th percentile tax bill reaches approximately $2,490, and the 90th percentile tax bill can go as high as $3,896. Factors influencing these tax bills include the property's assessed value, local tax rates, and any applicable exemptions. For example, Summerville boasts the highest median tax bill at $1,948, whereas Lindale has the lowest median tax bill at $1,040. Compared to the national median property tax rate of 0.99%, Floyd County's tax rates can have a substantial impact on homeowners, influencing their overall housing costs and financial planning.
Average Floyd County Tax Bill
$1,460
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Floyd County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Adairsville | $219 | $676 | $1,363 | $2,232 | $3,453 |
| Aragon | $225 | $585 | $1,273 | $2,236 | $3,703 |
| Armuchee | $359 | $814 | $1,587 | $2,658 | $4,030 |
| Calhoun | $311 | $765 | $1,376 | $2,536 | $4,572 |
| Cave Spring | $276 | $713 | $1,394 | $2,252 | $3,376 |
| Cedartown | $260 | $474 | $1,157 | $2,047 | $3,175 |
| Kingston | $276 | $689 | $1,608 | $2,633 | $3,636 |
| Lindale | $177 | $520 | $1,040 | $1,719 | $2,535 |
| Plainville | $479 | $888 | $1,384 | $1,896 | $2,435 |
| Rome | $337 | $797 | $1,504 | $2,599 | $4,083 |
| Shannon | N/A | N/A | N/A | N/A | N/A |
| Silver Creek | $283 | $704 | $1,428 | $2,145 | $3,083 |
| Summerville | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell